The Caisse de dépôt et placement du Québec is part of an investment group acquiring New Look Vision Group Inc., a provider of eye-care products and services across North America. According to a press release, New Look Vision is valued at $800 million, and the Caisse, along with FFL Partners, LLC and the Dr. H. […]
As Saskatchewan’s provincial government rolls out phase two of its vaccine delivery plan, the province is also amending its occupational health and safety regulations to allow employees to receive paid time off from work to get vaccinated for the coronavirus. According to a press release, the amendment to the Occupational Health and Safety Regulations, 2020 establishes that […]
The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’ Retirement Fund. In documents submitted to court on March 10, the association argues the terms and conditions imposed in Finance Minister Travis Toews’ order are inconsistent with the province’s Teachers’ […]
Approximately 500 members of the St. John Ambulance pension plan are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The not-for-profit organization’s pension plan is comprised of an ongoing defined contribution plan and a defined benefit plan that was closed at the end of 2014, according to a press release. The […]
Urban Nature Store will offer paid time off to all of its full- and part-time hourly employees who choose to receive the coronavirus vaccine, regardless of whether their vaccination appointment times are scheduled during or outside of work hours. The Canadian-owned, regional store chain will provide vaccinated employees, from each of its seven southern Ontario […]
Employees that include company stock in their overall financial planning are more loyal and have a higher output level, according to new research conducted in the U.S by Fidelity Investments Inc. It found these employees were twice as likely to work harder, three times as likely to feel loyalty to their employer and three times […]
The OPSEU Pension Trust ended 2020 with an 8.9 per cent net investment return and maintained its fully funded status. That was down from 2019 when it ended the year with an 11.2 per cent net investment return and maintaining its fully funded status. The plan’s assets grew to more than $23 billion, up from almost […]
Young Canadians are increasingly planning their financial futures as the world faces down a second year of the coronavirus pandemic, according to a new survey by Sun Life Financial Inc. It found that 89 per cent of generation Z (ages 18 to 23) and 80 per cent of millennials (ages 24 to 39) are saving […]
The vast majority (85 per cent) of institutional investors that already engage with Bitcoin plan to increase their investment in the cryptocurrency over the next two years, according to a survey commissioned by Nickel Digital Asset Management. Additionally between now and 2023, 72 per cent of those surveyed said they expect professional investors in general […]
Morneau Shepell Ltd. is rebranding as LifeWorks Inc., subject to approval by the company’s shareholders. “While the Morneau Shepell name has ably served our company through many years of profitable market and geographic expansion, we believe our next stage of growth will require more focus on branding that the new name is intended to support,” said […]