The federal government has established an independent expert panel to study the complex workplace issues facing Canadian employers and employees. The nature of work is changing and so are the needs of Canadian workers, noted a press release, and a modern set of federal labour standards that reflect these changes will better protect Canadian workers, helping set […]
Sun Life Financial Canada is making adjustments to its leadership teams. Heading up the newly created client experience office, Eric Monteiro, senior vice-president and chief client experience officer, will head up his own team. Monteiro joined Sun Life in 2016 as chief analytics and engineering officer for individual insurance and wealth. Before that, he was chief strategy […]
Ontario’s defined benefit pension plans had a median solvency ratio of 94 per cent at the end of 2018, according to the Financial Services Commission of Ontario’s latest report. The median ratio represents a decline from the previous quarter, which sat at 101 per cent as of Sept. 30, 2018. More than half (53.9 per cent) […]
Canadians for Fair Access to Medical Marijuana is urging the federal government to remove all taxes on medical cannabis. “More than 480,000 Canadian patients require medical cannabis to help them manage a variety of issues, from chronic pain and arthritis to mental health,” said Gerald Major, president of CFAMM, in a press release. “The government is […]
The Caisse de dépôt et placement du Québec is making investments totalling $127 million to two new funds formed by iNovia Capital, a Quebec venture capital firm. Initially, the Caisse will invest $100 million towards the fund targeting growing technology companies, while the remaining $27 million will be set aside for iNovia Capital’s startup fund. Read: […]
Faculty associations at three Ontario universities, as well as certain affiliated unions, have passed a preliminary vote to convert their various existing pension arrangements into a jointly sponsored pension plan. The University of Toronto Faculty Association, the University of Guelph Faculty Association, Queen’s University Faculty Association, United Steelworkers Local 1998, United Steelworkers Local 4120 and United […]
The Canada Pension Plan Investment Board is signing a strategic partnership with La Française, a third-party asset manager, to launch a new real estate investment and development vehicle called Société Foncière et Immobilière du Grand Paris. The CPPIB will hold 80 per cent of the venture while the remaining 20 per cent will be held by the Caisse […]
Portable non-employer retirement benefits could be a useful tool in addressing the underperformance of the U.S. retirement system as a whole, according to a new report by Common Wealth and the Aspen Institute Financial Security Program. These programs, which would be tied to employment but not to a specific employer, could be sponsored by a number […]
The Canada Pension Plan Investment Board grew its net assets by $0.2 billion during its third fiscal quarter, pushing overall assets up to $368.5 billion, off a 1.1 per cent return. “Broad declines in global public equity markets created a challenging investment environment during the quarter,” said Mark Machin, president and chief executive officer of […]
The vast majority (97 per cent) of institutional investors said they conduct an evaluation of their target companies’ non-financial disclosures, representing close to a 20 per cent increase since 2017, according to a global survey by EY. “Investors have a more sophisticated understanding of the positive link between a business’ environmental, social and governance impact and […]