Benefits Canada honoured seven winners of the 2017 Workplace Benefits Awards at an event in Toronto on Thursday. In a room at the Arcadian Court, 75 leaders in the benefits, pension and investment industry gathered to see awards presented across seven different categories. The winning employers are examples of the excellent work underway to improve employee’s physical, mental […]
The Alberta Investment Management Corp. and the Public Sector Pension Investment Board are partnering with Starlight Group Property Holdings Inc. to acquire a multi-family property in Denver for US$1.3 billion. Besides Denver, the partnership aims to acquire Class A, recently constructed, multi-family communities in the suburban markets of Atlanta; Dallas and Austin, Texas; Orlando and Tampa, […]
The overall solvency position improved slightly for federally registered pension plans in 2016 compared to 2015, but the majority of funds remained slightly underfunded on a termination basis, according to the Office of the Superintendent of Financial Institutions’ 2016/17 annual report. The report found that, at Dec. 31, 2016, 80 per cent of the defined […]
A consortium of funds that includes the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board has reached an agreement to acquire CeramTec Group, a German manufacturer of technical ceramic components. The company’s advanced ceramics are used across a number of different industries, including medical technology, the automotive industry, the electronics sector, energy […]
Ted Rogers School of Management’s National Institute of Ageing has appointed Bonnie-Jeanne MacDonald as its inaugural senior research fellow. In the role, she will conduct research relating to Canada’s health and retirement income systems. MacDonald is also a fellow of the Society of Actuaries and resident scholar at Eckler Ltd. She will continue to publish […]
The Caisse de dépôt et placement du Québec has joined up with the Desjardins Group to create an investment fund aimed at the financial technology sector and artificial intelligence applied to finance. With an expected size of $75 million and based in Montreal, the fund will make share capital investments and target companies in Quebec and […]
Enbridge, Jazz Aviation and the Royal Bank of Canada were among the companies recognized by the federal government for their commitment to creating diverse and inclusive workplaces on Thursday. Eighteen federally regulated private sector employers and federal contractors were recognized at the awards in Ottawa, which were presented by Patty Hajdu, minister of employment, workforce […]
Employees at the Canadian Electrolytic Zinc Ltd. refinery outside of Montreal have voted to reject the final contract offer from the their parent company after nearly eight months on strike. Among the issues at stake for the 371 workers, who are members of the United Steelworkers union, is their defined benefit pension plan. The union suggested […]
Sprott Inc. and Ceres Partners have joined forces to launch a fund providing institutional investors with the opportunity to participate in the North American farmland market. The objective of the Ceres — Sprott Institutional Farmland Fund will be to acquire and actively lease farmland in the United States, according to a news release. In addition […]
Nova Scotia’s auditor general is sounding the alarm about the financial status of the province’s teachers’ pension plan, calling for action to address its “serious financial condition.” In a report released Wednesday, Michael Pickup said the plan, currently funded at almost 78 per cent, is facing significant difficulties. “It is troubling that while there is a […]