As the need for elder care is increasing so are the related work disruptions, with more women than men taking on the responsibility, according to a new study by the Institute for Work and Health. The study used figures from Statistics Canada’s labour force survey, which compiled responses from more than 5.8 million workers, aged 40 and […]
The Caisse de dépôt et placement du Québec and French utility company Engie are buying a combined 90 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás S.A. for US$8.6 billion. The new arrangement, which gives Engie a 58.5 per cent stake in TAG and the Caisse the remaining 31.5 per cent, was the result […]
FTSE International Ltd. is appointing Paul Bowes in the newly created role of Canadian country head. In the position, Bowes will oversee the Toronto team and report to Waqas Samud, the organization’s chief executive officer, who is also the group director for information services at the London Stock Exchange Group. “I’m excited to have Paul join […]
After exceeding its target for low-carbon assets in 2018, the Caisse de dépôt et placement du Québec is now aiming to boost its low-carbon holdings to $32 billion by 2020, according to its second annual stewardship investing report. In 2017, the pension fund started with $18 billion in low-carbon assets in its portfolio and raised that to […]
Great-West Lifeco Inc. is merging three of its insurance brands, combining Great-West Life Assurance Co. and its two subsidiaries, London Life and Canada Life. The new company, which will go by Canada Life, will consolidate an aggregate 13 million Canadian customers. “Today marks the beginning of a new and exciting chapter for our companies in […]
Express Scripts Canada is appointing Michael Roszak as chief operating officer. Roszak will oversee operations, customer services, marketing, sales and clinical services. Since 2008, he was vice-president of business development for the public sector at Telus Health. “Mike is the right person to lead ESC’s operations into the future,” said Dr. Dorian Lo, president for Express Scripts Canada, in a […]
Canadian defined benefit pension plans’ solvency position rose in the first quarter of 2019, according to two new pension indexes. Representing the solvency ratio of a hypothetical plan, Mercer Canada’s index sat at 106 per cent on March 31, up from 102 per cent at the start of the year. The median solvency ratio of Mercer clients’ pension plans […]
The Caisse de dépôt et placement du Québec is acquiring a 30 per cent stake in a subsidiary of U.S. communications infrastructure firm Vertical Bridge Holdings. Established in 2014, Vertical Bridge currently has more than 266,000 sites, including 16,000 towers it owns or master leases. The firm intends to use the investment to prepare for 5G deployment by […]
Multinational virtual care provider Teladoc Inc. is launching a telemedicine service in Canada. Employers and insurers can purchase the service, which will connect plan members with a licensed doctor in either English or French any time of the day, over the phone or on a mobile app. “We’re proud to be helping Canadians get the […]
In a challenging market environment, the OPSEU Pension Trust returned one per cent in 2018, down from a 9.5 per cent return in 2017. “OPTrust’s objective is to maintain the funded status of the plan without taking excessive risk,” said Doug Michael, interim president and chief executive officer of the OPTrust, in a press release. “In the […]