May 2025

Canada’s top pension fund drops net-zero emissions target

Pension and climate activist group Shift on Wednesday criticized Canada's top pension's plan to abandon its net-zero greenhouse gas emissions by 2050 commitment. The Canada Pension Plan Investment Board (CPP Investments), which manages C$714.4 billion ($516.93 billion) in assets, said it planned to abandon the commitment announced in February 2022 to make its operations and investment portfolio align with the goal. Shift said the change, covered in the FAQ section of its website, was made on Wednesday but Reuters could not...

Survey shows cost and awareness gaps hinder access to voluntary insurance in Canada

A national survey conducted by Environics Research revealed gaps between Canadian employees’ desire for voluntary benefits and their access to them. The survey found that most employees consider benefits essential to their happiness and job retention. According to the results, 93 percent of respondents said benefits and insurance options directly influence their workplace satisfaction and decision to remain with their employer. Despite this, only 2 percent said they would ask their employer for more insurance options, even though 66 percent expressed interest...

March 2025

Understanding the Gender Pension Gap in Canada

By Elizabeth Shilton The gender pension gap in Canada measures the gender difference in combined income from Canada’s 3-pillar system of retirement income instruments: Old Age Security/Guaranteed Income Supplement, Canada Pension Plan/ Quebec Pension Plan and private pensions (including RRSP/RRIF income). In 1976 - the first year for which we have meaningful statistics – that gap stood at 15%, and it has stubbornly refused to close despite substantial increases in overall retirement income and massive advances in women’s labour market engagement...

Canada’s biggest pension fund calls for economic diversification as tariffs hit

Canada must diversify its economy and position itself as more competitive on the global stage if tariffs promised by U.S. President Donald Trump take effect, Canada's biggest pension fund said on Tuesday. Edwin Cass, chief investment officer of the Canada Pension Plan Investment Board, said his country's economy was "tied at the hip" to the U.S. after Trump said on Monday 25% tariffs on Canada and Mexico would go into effect almost immediately. "One of the things we obviously should have been doing...

February 2025

El fondo de pensiones de Canadá CPPIB aflora una participación del 27,86% en HBX Group

El fondo de pensiones de Canadá CPPIB aflora una participación del 27,86% en HBX Group El Canada Pension Plan Investment Board (CPPIB) ha adquirido una participación del 27,86% en HBX Group International, tras su debut en Bolsa el 13 de febrero. Esta adquisición representa aproximadamente 65,8 millones de acciones valuadas en más de 785 millones de euros al precio actual del mercado, según la Comisión Nacional del Mercado de Valores (CNMV). La adquisición de CPPIB sigue el plan establecido en el folleto de...

CPPIB becomes major shareholder of Spanish Group HBX in its stock market debut

HBX Group has successfully gone public on the Spanish stock exchanges, marking the largest IPO in Europe this year and the first listing of a British company in Spain since Brexit. The transaction, valued at approximately €3 billion, underscores the company’s position as a key player in the travel technology sector. The transaction has included the completion of an initial put and subscription offer for shares by HBX Group’s major shareholders (CPPIB and vehicles controlled by funds managed or advised...

Canada. CPP Investments nearing $700 billion

The Canada Pension Plan Investment Board (CPP Investments) reported $699.6 billion in net assets, as of Dec. 31, 2024. The figure represents a $24.5-billion rise relative to the previous quarter. The pension fund manager earned $26 billion in net income, and delivered $1.5 billion in member payments. “Returns were strong this quarter,” said John Graham, president & CEO of CPP Investments in a news release. “Our investment teams were very active with more than 40 transactions signed or closed in...

Canada. How safe is your pension from climate change? A new tool could predict that — if companies use it

Corporate bean counters can now implement “landmark,” made-in-Canada environmental standards as part of their bookkeeping, to be more transparent about how profits could be affected by climate change. In December, Chartered Professional Accountants of Canada enshrined the standards in its official handbook used for preparing financial statements. Industry watchers say the push towards corporate transparency is likely to continue despite recent moves by businesses and politicians in the opposite direction. Transparency rules help the public see where risks are hidden. Take real estate...

January 2025

CPP Investments enters joint venture with Brazil’s largest residential real estate developer

Canada Pension Plan Investment Board (CPP Investments) has entered a joint venture with Cyrela Brazil Realty (Cyrela), Brazil's largest residential real estate developer. The agreement targets the development of residential condominiums in São Paulo, Brazil's largest city, with Cyrela's fund management subsidiary, Cy.Capital, serving as the manager of the investment vehicle. The partnership has established an investment target of $400m, split equally between CPP Investments and Cyrela. The venture aims to deliver over $1.44bn in potential sales value in the coming...

As US banks leave net-zero, are Canadian banks close behind?

  Canada’s largest banks are reconsidering their involvement in the Net-Zero Banking Alliance (NZBA), as reported by BNN Bloomberg. The alliance, established to promote climate financing, has recently faced several high-profile departures. US banks such as Goldman Sachs, Morgan Stanley, Wells Fargo, Bank of America, Citigroup, and JPMorgan Chase have withdrawn, citing increased Republican criticism of ‘woke’ capitalism and doubts about the effectiveness of voluntary measures in reducing greenhouse gas emissions. Royal Bank of Canada (RBC) and Bank of Montreal (BMO), two of...