Latest news in Benefits Canada News

A look at the Calgary Foundation’s creative approach to impact investing

In 2016, the Calgary Foundation launched an impact investment program — one that required as much creativity as financial acumen to design. Perhaps that’s why…

Q&A with 3M Canada’s Jacqueline McLennan

3M Canada’s benefits specialist discusses absence management, the ‘Great Resignation’ and rock painting. Q: What new programs or initiatives are you looking to implement? A:…

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Caisse backing customer retention platform, OMERS acquiring plumbing and HVAC service provider

The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round…

  • By: Staff
  • August 11, 2022 August 10, 2022
  • 12:00

86% of employers using higher salaries to help with attraction, retention efforts: survey

The majority (86 per cent) of North American employers are hiring employees at the higher end of salary ranges to help with attraction and retention,…

  • By: Staff
  • August 11, 2022 August 9, 2022
  • 09:00
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Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report

Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according…

Expert panel: How national dental care could impact group benefits plans

While the 2022 federal budget proposed funding for national dental care, the plan, as currently understood, lacks universality, would disrupt existing public and private dental…

24% of Canadians shifting to remote working amid pandemic’s latest wave: report

The percentage of Canadians working from home increased slightly amid a seventh wave of the coronavirus pandemic, according to a report by Statistics Canada. In…

  • By: Staff
  • August 10, 2022 August 9, 2022
  • 15:00

How the overturning of Roe v. Wade could affect U.S. employer-sponsored benefits plans

When the U.S. Supreme Court overturned Roe v. Wade, it triggered a flurry of questions — and some confusion — from employers on how they…

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Arconic, Unifor agreement protects workers’ DB pension plan

The union representing more than 200 employees at Arconic Corp. in Lethbridge, Alta. has ratified a four-year collective agreement that protects the defined benefit pension…

  • By: Staff
  • August 10, 2022 August 9, 2022
  • 09:00

Ontario Teachers’ entering agreement with mining company, Caisse selling stake in Indian real estate developer

The Ontario Teachers’ Pension Plan is entering a non-binding agreement with a Canadian company seeking to develop copper mines in Saskatchewan. In a deal reached…

  • By: Staff
  • August 9, 2022 August 9, 2022
  • 12:00

Canadian DB pension plan assets rose 5.4 per cent in July: report

The value of a typical Canadian defined benefit pension plan’s assets improved in July, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed…

  • By: Staff
  • August 9, 2022 August 9, 2022
  • 12:00

Canadian employers increasing salaries, offering remote work to attract talent: survey

With nine in 10 (89 per cent) employers finding it challenging to find skilled professionals, companies are using a range of recruiting tactics to win over…

  • By: Staff
  • August 9, 2022 August 9, 2022
  • 09:00
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New Brunswick amending pension legislation to allow for reserve accounts, annuity buyouts

New Brunswick is amending its Pension Benefits Act to allow for enhanced communications with plan members, exempt compulsory membership for religious beliefs and allow for reserve…

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Alcoa entering $1BN annuity transfer for U.S. DB pensions

Alcoa Corp. is de-risking roughly US$1 billion in U.S. defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts will be…

  • By: Staff
  • August 8, 2022 August 8, 2022
  • 15:00

Amazon expanding employee benefits program with free skills training, career coaching programs

Amazon.com Inc. is expanding its employee benefits program with free career coaching, college advisement and other specialized career services. The new offerings will provide employees…

  • By: Staff
  • August 8, 2022 August 8, 2022
  • 09:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet, Unifor agreement includes retirement gains, sick days

The union representing nearly 800 employees at Calgary and Vancouver airports has ratified a first contract that includes retirement and benefits gains. The contract cements…

U.S. SEC proposing gig workers paid in company stocks

U.S. bill could deny gig workers minimum wage and other protections

A bill that would amend U.S. labour law to establish a new classification for gig workers could also deny them the right to a minimum…

  • By: Staff
  • August 5, 2022 August 7, 2022
  • 15:00

Ayman Alvi promoted to VP, global pension and benefits at Scotiabank

Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he…

  • By: Staff
  • August 5, 2022 August 4, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

Sun Life selling U.K. pension and annuities business

Sun Life Financial Inc. is selling its U.K. pension and annuities business. The company has entered an agreement to sell SLF of Canada U.K. Ltd.…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

Canadian DB pension plan assets down 7.33% in Q2: report

Canada’s defined benefit pension plans saw median returns of negative 7.33 per cent in the second quarter of 2022, according to the BNY Mellon Canadian…

  • By: Staff
  • August 4, 2022 August 4, 2022
  • 12:00
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Caisse acquiring French locomotive leasing service, AIMCo acquiring U.K. energy storage company

The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe.…

  • By: Staff
  • August 4, 2022 August 4, 2022
  • 12:00

82% of senior leaders experiencing exhaustion indicative of burnout: survey

More than eight in 10 (82 per cent) senior leaders say they’ve experienced exhaustion indicative of burnout, according to a survey by Deloitte Canada and…

  • By: Staff
  • August 4, 2022 August 3, 2022
  • 09:00

PIAC providing feedback on ISSB’s sustainability, climate change exposure drafts

The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability…

  • By: Staff
  • August 4, 2022 January 24, 2024
  • 09:00
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70% of Canadian employees enjoy working from home more than expected: survey

More than two-thirds (70 per cent) of Canadian employees have enjoyed working from home more than they expected, according to a new survey by VMware…

  • By: Staff
  • August 3, 2022 August 3, 2022
  • 15:00