Three-quarters (77 per cent) of Canadian executives predict significant disruption in human resources in the next three years, according to Mercer’s 2019 global talent trends study. The study, which polled more than 7,300 senior business executives, HR leaders and employees from 16 countries, found this is higher than expectations from the U.S. (65 per cent) […]
Walmart Canada is launching an education assistance program for employees and their eligible family members. The company has partnered with Humber College and its network of educational partners to introduce the AdvancED program. All of Walmart’s full-time staff who attend an accredited Canadian college or university are eligible to receive an annual $2,500 tuition reimbursement. An additional 20 per cent tuition […]
Reformulary Group has signed an agreement with the Great-West Life Assurance Co. to make its managed formulary available to the insurer’s plan sponsors. The formulary was curated with the expert advice of an independent panel of doctors and pharmacists, which reviews research and evidence about drugs. Read: Reformulary Group launches early warning system for high-cost drugs “The […]
While Canada’s public and private pension plans are a vital player in the transition to a lower carbon economy, they’re only one component, with other financial market participants, such as banks, insurers and asset managers, must also play a role, according to the Pension Investment Association of Canada. In a letter commenting on a report by an […]
The Ontario Municipal Employees Retirement System posted a 2.3 per cent return for 2018, pulling in $2.2 billion. In 2017, the fund saw a return of 11.5 per cent for the year and boosted its funded status to 94 per cent. For 2018, the funded status saw further gains, landing at 96 per cent. “The […]
From the end of 2015 to the end of 2017, impact investing in Canada has grown by 81 per cent, representing $14.75 billion, according to a new report by the Responsible Investment Association. “Like any pre-teen, impact investing currently sits on the edge of youthful maturity,” said Kelly Gauthier, RIA board member and managing director of impact advisory at […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing director and […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing […]
The Caisse de dépôt et placement du Québec ended 2018 with a return of 4.2 per cent, beating its benchmark portfolio, which returned 2.4 per cent, and bringing the portfolio to a net asset total of $309.5 billion. “In 2018, our investment strategy was put to the test. For the first time in several years, global stock […]
The Great-West Life Assurance Co. is introducing a group benefits solution for small employers. Small employers, with fewer than 100 employees, make up 98 per cent of organizations in Canada, noted a press release. And fewer than half (45 per cent) offer employee benefits, which can leave many without protection from routine and unexpected health costs. Flexbox is a self-serve, […]