Green Shield Holdings Inc. is acquiring Inkblot Technologies, a virtual mental-health platform that uses artificial intelligence-assisted technology, network effects and advanced analytics to match patients with counsellors. “Building on our previous . . . digital-health investments and partnerships, the acquisition of Inkblot fits with our strategic objective of increasing access for our clients to leading health services […]
The Colleges of Applied Arts and Technology Pension Plan is appointing Asif Haque as chief investment officer, effective May 1. Haque has worked at the CAAT for over 10 years as managing director of public markets, where his team was responsible for the plan’s $11 billion public markets portfolio. Prior to joining the organization, he held […]
Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]
Irshaad Ahmad is now serving as Canada Post Corp.’s chief investment officer and vice-president of the Crown corporation’s pension fund. He joined Canada Post in February and brings more than 30 years of investment experience to the role, after serving as managing director and head of institutional Europe at Allianz Global Investors. Prior to that, […]
Canadian employers are preparing vaccination, remote-work and hiring plans as they look forward to a post-coronavirus pandemic world, according to a new survey from ManpowerGroup Canada. It found only eight per cent of employers will mandate employee vaccinations once vaccines are publicly available, compared to 41 per cent who will let individual employees decide for […]
Canadian pension plans saw their funding positions improve on both a solvency and accounting basis in January 2021 compared to December 2020, according to Morneau Shepell Ltd.’s latest monthly pension report. Generally, the plans’ assets remained stable. But the values of plan liabilities and fixed-income assets fell even as bond yields, especially for long-term and real […]
The gender wage gap in Canada continues to persist, with women earning 23 per cent less in total income than men in 2020, according to a report by ADP Canada Co. Surveyed Canadian working men were significantly more likely to make more than $80,000 in pre-tax salary, while working women were more likely to make between […]
The Colleges of Applied Arts and Technology’s pension plan is currently 119-per cent funded on a going-concern basis with a funding reserve of $3.3 billion, based on its latest actuarial valuation as of Jan. 1, 2021. That’s up from 2019, when the pension plan was 118-per cent funded on a going-concern basis with a $2.9 […]
Germany-based Munich Re is acquiring Canada’s Group Health Group Holdings Inc. Munich Re New Ventures Inc., which previously held a 40 per cent stake in GroupHEALTH, will now own 100 per cent of the company. Matt Houghton, chief executive officer of GroupHEALTH, will continue to lead the company with his executive team, according to a […]
The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier. The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding […]