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Finance Minister Bill Morneau resigns, plans to run for head of OECD

The only finance minister to serve under Prime Minister Justin Trudeau suddenly resigned Monday night, saying someone else should guide the country through a long…

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New research finds asset owners largely satisfied with pandemic performance

The vast majority of investors (82 per cent) are satisfied with how their portfolios performed in the first half of 2020, despite some weak results…

  • By: Les Marton
  • August 18, 2020 December 6, 2020
  • 07:43
Manulife names new head of Canadian operations

Manulife names new head of Canadian operations

Manulife Financial Corp. is appointing Sarah Miller Wright as head of Canadian operations. Miller Wright’s role will be to continue Manulife Canada’s work to reimagine…

  • By: Staff
  • August 17, 2020 November 12, 2020
  • 15:25
Guardian Capital acquiring majority interest in U.S. investment manager

Guardian Capital acquiring majority interest in U.S. investment manager

Guardian Capital Group Ltd. is acquiring a 70 per cent interest in U.S.-based investment management firm Agincourt Capital Management. The acquisition, which is expected to…

  • By: Staff
  • August 17, 2020 February 23, 2021
  • 15:00
IIAC calling for retirement savings, EI reform in federal budget

IIAC calling for retirement savings, EI reform in federal budget

The Investment Industry Association of Canada is calling on the federal government to make improvements to tax-assisted retirement savings programs, modernize the country’s employment insurance…

  • By: Staff
  • August 17, 2020 November 30, 2020
  • 08:45
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Where did institutional equity investors turn in coronavirus crash?

During the coronavirus market crash, U.S. stocks with higher institutional ownership experienced worse performance, especially those held by active, short-term and domestic institutions, according to…

  • By: Staff
  • August 17, 2020 December 6, 2020
  • 08:40
CPPIB sees 5.6% return for first fiscal quarter

CPPIB sees 5.6% return for first fiscal quarter

The Canada Pension Plan Investment Board posted a 5.6 per cent net return for its first 2021 fiscal quarter, which ended June 30, 2020. The…

  • By: Staff
  • August 14, 2020 November 12, 2020
  • 15:15

Ontario court rules again for employees in CIBC overtime class action

The Ontario Superior Court of Justice has issued additional reasons for judgment in a long-running unpaid overtime class action lawsuit against Canadian Imperial Bank of…

  • By: Staff
  • August 14, 2020 December 2, 2020
  • 15:15

Kitchener-Waterloo Multicultural Centre introduces DB pension amid pandemic

While many Canadians likely started the year worried about retirement savings as the markets were ravaged by the coronavirus fallout, some employers continued to introduce…

Nunavut government staff object to using vacation for self-isolation on return from holiday

Nunavut government staff object to using vacation for self-isolation on return from holiday

Members of the Nunavut Employees Union are taking issue with the requirement they use vacation time to self-isolate if they visit other provinces. The territorial…

NDP motion calls for transitioning CERB into guaranteed basic income

NDP motion calls for transitioning CERB into guaranteed basic income

A member of parliament from the New Democratic Party is introducing a motion to convert the Canada Emergency Response Benefit into a guaranteed livable basic…

  • By: Staff
  • August 14, 2020 November 12, 2020
  • 09:10
Budget watchdog says wage subsidy program may cost less than predicted

Budget watchdog says wage subsidy program may cost less than predicted

Canada’s official fiscal watchdog says the federal wage subsidy program may cost $14 billion less than the government predicted. A new report by Parliamentary Budget…

Editorial: Company culture in the age of coronavirus

Editorial: Company culture in the age of coronavirus

Company culture is a common term, but what does it actually mean? Though it’s one of those non-tangible concepts that can be difficult to put…

Editorial: Mental-health support from a corporate, national and gendered perspective

This year marks Benefits Canada’s fifth annual Mental Health Issue, an initiative introduced in the wake of the coronavirus pandemic as employers ramped up their…

Head to head: Are employers responsible for employee mental health in an uncertain economic environment?

In these uncertain times, there are strategic opportunities to implement mental-health polices, programs and services that provide tangible benefits for both employers and employees. Rebecca…

How Pratt & Whitney’s winning mental-health program supports employees, strengthens leadership

Known as ‘Inspire,’ Pratt & Whitney Canada’s health and well-being program has evolved since its launch in November 2020, growing with employees’ changing needs, using…