The Ontario Teachers’ Pension Plan has announced a new joint venture with mining giant Glencore Canada Corp. to invest in royalty streams from base-metals projects. Under the deal, Glencore will contribute a portfolio of selected royalties worth about $380 million. The portfolio includes a selection of existing royalties on properties in North and South America […]
The Caisse de dépôt et placement du Québec is investing more than $507 million in British insurer Hyperion Insurance Group Ltd. The investment will provide new growth equity and liquidity to current shareholders, noted a news release from the Caisse, which will now be a minority shareholder in the company alongside U.S. investment firm General Atlantic. Hyperion […]
Canadian xennials, those aged 34 to 40, are finding that the pressing expenses of daily life are getting in the way of saving for retirement, according to a new survey by TD Canada Trust. The survey polled Canadians of all ages, including this micro generation between generation X and millennials. It found that 74 per cent of […]
The federal government has announced sweeping changes to drug price regulation in Canada that it estimates will deliver $12.6 billion in net benefits over 10 years through lower drug costs. On Friday, the federal government released a detailed set of proposals to reform drug price regulations through the Patented Medicine Prices Review Board. They include: […]
Hiram Walker & Sons Ltd. and Unifor Local 2027 have ratified a four-year collective agreement that includes moving to a defined contribution plan for future hires. The union, which represents 137 production and skilled trades workers at the distillery in Windsor, Ont., noted in a news release that 66 per cent of union membership voted […]
Morneau Shepell Ltd. is boosting its presence in the United States and globally with the acquisition of Chestnut Global Partners, an employee assistance program and wellness services provider based in Illinois. As part of the acquisition, Morneau Shepell acquires ownership stakes in five joint venture companies that provide employee assistance services to companies in Brazil, China, Eastern Europe, […]
The Caisse de dépôt et placement du Québec, along with several other investors, has raised $180 million for Canadian venture capital firm Real Ventures, bringing its total funds under management to $330 million. Along with the new investment, repeat funding is coming from the Business Development Bank of Canada, Investissement Quebec Inc. and Teralys Capital, with new […]
Manulife Financial Corp. is has announced a series of pilot projects aimed at improving health outcomes for group benefits plan members dealing with mental-health issues, chronic pain and musculoskeletal disorders. On Thursday, the insurer announced five pilot projects, some of which have already begun and some of which will it will launch in 2018, aimed […]
More Canadians are working past age 65, according to the latest census data from Statistics Canada. Almost one in five (19.8 per cent) Canadians older than 65 worked at some point during 2015. This number has nearly doubled since 1995. More men (25.7 per cent) than women (14.6 per cent) made up this segment of working seniors. […]
Poor financial well-being is a growing problem, impacting Canadian employees’ on-the-job performance, health and absenteeism rates, according to a new survey by Willis Towers Watson. Its survey found that 23 per cent of respondents identified themselves as struggling. Among that group, almost half said that worries about finances were preventing them from performing their best at work. More than […]