The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by the Globe and Mail. The new fund will specifically target industrial decarbonization, carbon capture, sustainable fuels, renewable energy production, electrification and energy storage and efficiency. However, the launch of the fund […]
A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio from the failed Signature Bank for US$1.2 billion was the biggest mergers and acquisitions transaction in the fourth quarter of 2023, according to a report by S&P Global Market Intelligence. […]
Roughly half of Black, Indigenous and people of colour employees in Canada report feeling uncomfortable or unwelcome in the workplace, especially those aged 30 to 44, according to a new survey by the Coalition of Innovation Leaders Against Racism. The survey, which polled 500 employees, found many instances of discrimination were disproportionately reported by respondents […]
For the 13th consecutive month, baby boomers are the happiest generation in the workplace, reporting an average happiness level of 7.1 on a scale of one to 10, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found generation Z (6.7 points) was the next happiest generation, […]
The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension and benefits gains. The agreement includes enrolment in the Colleges of Applied Arts and Technology’s DBplus pension plan with a two per cent employer contribution. As well, full-time employees will […]
The adoption of environmental, social and governance measures in executive incentive plans continues to increase across markets, especially in North America, according to a new report by WTW. The report, which reviewed public disclosures from more than 1,100 global companies, found metrics related to human capital remained the most popular across all ESG categories, used […]
Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial plan, down from 27 per cent last October, according to a new survey by Leger Marketing Inc. The survey, which polled more than 1,000 Albertans, found while 40 per cent […]
Two-fifths (40 per cent) of institutional investors say they plan to increase allocations to private debt investments over the next three years, according to a new survey by Coalition Greenwich. The survey, which polled more than 100 large U.S. and Canadian institutional investors with US$500 million to $50 billion in assets under management, found roughly […]
As banks continue to pull back on lending, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan, the Ontario Municipal Employees’ Retirement System and the OPSEU Pension Trust are increasing their exposure to private credit, according to reporting by Reuters. The CPPIB, which manages $576 billion, said it will double its overall credit […]
While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according to a survey by LIMRA. The survey, which polled more than 1,500 retirees and employees aged 40 to 85 years old with at least $100,000 in household investable assets, found fewer […]