The Public Sector Pension Investment Board’s Nathalie Bernier is Canada’s chief executive officer of the year for 2018. Financial Executives International Canada, PricewaterhouseCoopers LLP and Robert Half Canada Inc., all presenting sponsors of the award, announced the 16th annual honour would be going to Bernier for her work since joining PSP Investments in September 2015 […]
Great-West Lifeco Inc. is reporting a 24 per cent rise in earnings for the first quarter of 2018 on the strength of solid sales results and cost controls. The company posted earnings of $731 million in the first quarter, up from $591 million during the same period last year. “Great-West Lifeco delivered strong first quarter […]
The British Columbia Investment Management Corp., along with AEA Investors, has agreed to purchase Springs Window Fashions from Golden Gate Capital. The company, headquartered in Middleton, Wis., manufactures and sells window coverings and drapery hardware to retail and commercial clients, as well as independent designers and decorators. “We are excited to be working with AEA Investors and BCI […]
Is your organization’s health and wellness program a cut above? Is your pension plan communications better than the rest? Is your diversity program or mental-health program worthy of recognition? Benefits Canada’s annual Workplace Benefits Awards is now open for nominations. Submit your entries here. The 2018 awards include a new category for financial wellness, an area that’s growing in […]
Sun Life Financial is joining up with media company Quebecor Inc. to launch an online personal finance brand aimed at millennials. Hosted on the website of the Journal de Montréal, the Porte-Monnaie online brand includes news items, graphics, videos and stories about personal finance. The online brand will also include social media activities on Facebook, Twitter and LinkedIn. As […]
The Ontario Teachers’ Pension Plan participated in a round of financing for Stem, Inc., an artificial intelligence-powered energy storage company headquartered in California. Activate Capital Ltd. led the $80-million investment alongside Ontario Teachers’ and Singapore-based investment company Temasek Holdings. The amount put forward by Ontario Teachers’ wasn’t disclosed. Read: Ontario Teachers’ sells veterinary hospital operator, invests in packaging company […]
The federal government has introduced a new bill that would amend the Canada Labour Code to address harassment and sexual violence in federally regulated workplaces. The bill proposes to make changes to existing provisions in the labour code to enact a single approach that covers all harassment and violence and expands the policies to cover parliamentary […]
As the working world shifts toward automation, some have posited the idea of a universal basic income to solve the problems presented by this trend. A report released this month by Deloitte Canada and the Human Resources Professionals Association noted employment laws and public policy are struggling to catch up with the changing Canadian workforce. It recommended that the […]
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 […]
Great-West Lifeco Inc.’s net earnings fell slightly from the previous year as its assets under management grew to more than $675 billion. The company’s profits for the quarter ended March 31 were $591 million, down from $620 million in the same quarter a year earlier. Great-West Life said in its quarterly earnings on Thursday it […]