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Sun Life Financial

Sun Life Financial, based in Toronto, is one of Canada’s largest insurance companies. It has operations located around the world and offers insurance and other investment products to individuals and corporate clients. Total assets of the company have grown from $74 million in 1915, to $55.8 billion in 2000 and $271.8 billion in 2018. Its shares trade on the Toronto, New York and Philippines stock markets.

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Manulife Financial Corporation

Manulife Financial Corporation, based in Toronto, is Canada’s largest insurance company and one of the largest in the world. Its principal operations are located in Canada, the United States and Asia. Manulife offers life, health and income insurance protection, as well as annuities and wealth and asset management. It was founded in 1887 as Manufacturers Life Insurance Company Inc. Canada’s first prime minister, Sir John A. MacDonald, was also the company’s first president. Manulife is a public company that trades on the Toronto, New York and Philippine stock exchanges under the symbol MFC and on the Stock Exchange of Hong Kong as 945. In 2018, Manulife registered $39 billion in revenue and $4.8 billion in profit and held $1.1 trillion in assets. The company employs more than 34,000 people, who serve nearly 28 million customers.

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Caisse de dépôt et placement du Québec

The Caisse de dépôt et placement du Québec (CDPQ) was established by an act of the National Assembly on 15 July 1965. The CDPQ was created to  manage funds deposited by the Québec Pension Plan (QPP), a public insurance plan similar to the Canadian Pension Plan (CPP). The CDPQ is a global investment group with 10 international offices. As of 30 June 2021 the CDPQ’s net assets totaled $390 billion.

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Québec Pension Plan

The Québec Pension Plan (QPP) came into effect in 1966. It is the counterpart of the Canada Pension Plan (CPP). Similar to the CPP, the QPP is a compulsory public insurance plan for the Quebec labour force. The QPP provides persons who have worked in Quebec and their families with a retirement pension, disability benefits and survivors’ benefits. The QPP is financed by payroll contributions made from employees and employers. The QPP is administered by Retraite Québec and contributions are managed by the Caisse de dépôt et placement du Québec (CDPQ).