Latest news in Benefits Canada News

Ford, Unifor agreement tackles pension, medical cannabis, racial inequality

Ford Motor Co. and Unifor’s new collective agreement tackles everything from racial inequality, medical cannabis coverage and a new pension plan. The $1.8 billion deal…

Health-care payouts by insurers plummeted $4.8BN due to pandemic: report

The coronavirus pandemic led to a sharp decrease in people visiting health professionals and filing claims, resulting in an estimated savings of $4.8 billion for Canadian…

  • By: Staff
  • September 30, 2020 November 16, 2020
  • 15:30

CPPIB to take 24% stake in global digital, IT company

The Canada Pension Plan Investment Board is committing US$300 million to take an approximate 24 per cent stake in Virtusa Corp., a global digital and information technology services company.…

  • By: Staff
  • September 30, 2020 November 16, 2020
  • 15:15

HR teams focusing on total rewards, not just salary, for 2021

Many human resources teams that are planning 2021 salary adjustments and possible changes to total rewards programs need to focus on immediate ways to keep employee morale…

CPPIB formally sets out ESG expectations for portfolio companies

The Canada Pension Plan Investment Board has formally outlined its expectations for portfolio companies when it comes to environmental, social and governance issues in a…

  • By: Staff
  • September 29, 2020 November 16, 2020
  • 15:00

Most Canadians would choose greater retirement security over more money now: survey

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according…

  • By: Staff
  • September 29, 2020 November 30, 2020
  • 09:05

Third of employers froze salaries in 2020, compared to projection of 2%, finds survey

More than a third (36 per cent) of Canadian organizations froze salaries in 2020, compared to a pre-coronavirus forecast of just two per cent, according…

  • By: Staff
  • September 29, 2020 November 17, 2020
  • 08:45

Is gold really a good hedge for inflation?

Since the mid-1970s, gold prices have increased in periods when investors were concerned about future inflation. Currently, gold prices are near highs comparable to January…

  • By: Staff
  • September 28, 2020 November 16, 2020
  • 15:15

NDP support for throne speech contingent on paid sick leave

New Democratic Party Leader Jagmeet Singh said his party will support last week’s throne speech on the condition that more Canadians be granted access to…

  • By: Staff
  • September 28, 2020 November 16, 2020
  • 09:30
How are insurers using block-level contract amendments to control drug costs?

How are insurers using block-level contract amendments to control drug costs?

An upcoming Sun Life Canada drug plan change that will be implemented outside of plan sponsors’ renewal periods is calling attention to the practice of block-level…

  • By: Kelsey Rolfe
  • September 28, 2020 November 12, 2020
  • 09:15
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet Airlines Ltd. is warning furloughed workers their pay will be cut by up to 53 per cent starting Sunday due to changes in the…

CFA Institute examining how financial sector can help mitigate climate change

The Chartered Financial Analyst Institute is looking to more deeply examine the financial industry’s role in mitigating climate change. In a new report, the CFA…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 15:15

Johnston Group, Empire Life launching benefits plan for mid-sized employers

Johnston Group Inc. and the Empire Life Insurance Co. are introducing a benefits program designed for employers with 25 to 200 employees. The product, which…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 15:00

Employers prioritizing support for working parents but current policies not effective: survey

Images of parents trying to shush their kids during work Zoom meetings are now as commonplace as, well, Zoom meetings. With many people six months into working from…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 08:45

Pandemic affecting employee well-being, work-life balance: survey

While the coronavirus pandemic is increasing employee burnout globally, the impact differs across countries, according to a new work trends index by Microsoft Corp. The…

  • By: Staff
  • September 24, 2020 November 16, 2020
  • 15:15

Caisse investing in European nursing home company

The Caisse de dépôt et placement du Québec is acquiring a minority interest in Colisée Group, a Paris-based nursing home company. The investment, alongside an infrastructure fund…

  • By: Staff
  • September 24, 2020 November 17, 2020
  • 15:00

Proteus promoting three to senior investment consultant roles

Proteus is promoting Teimaz Binesh, Lewis Powell and Michael Scott to senior investment consultants. In their new roles, they’ll continue to provide investment consulting and…

  • By: Staff
  • September 24, 2020 November 17, 2020
  • 15:00

Half of Canadians see anxiety and depression as disabilities: survey

Canadians who’ve experienced mental-health challenges, or have taken time off for disabilities, are more likely to view a mental-health illness as a disability, according to a new…

  • By: Staff
  • September 24, 2020 November 17, 2020
  • 09:30

What did the throne speech promise for employers and workers?

With employers and employees still suffering through the limbo of the coronavirus pandemic, Wednesday’s throne speech clarified how the federal government plans to continue to…

Caisse invests in sustainability, OMERS and Ontario Teachers’ sell stake in utility

Caisse invests in sustainability, OMERS and Ontario Teachers’ sell stake in utility

The Caisse de dépôt et placement du Québec and multi-stage investment firm S2G Ventures are creating a co-investment partnership whereby the Caisse will invest up to US$125…

  • By: Staff
  • September 23, 2020 February 23, 2021
  • 15:15
L’Oréal Group launches new global employee share purchase plan

L’Oréal Group launches new global employee share purchase plan

L’Oréal Group is launching a new employee share purchase plan in 57 of the countries in which it operates.  The latest offering comes on the heels of the global beauty…

  • By: Staff
  • September 23, 2020 November 12, 2020
  • 15:15

PIAC comments on FSRA’s plan for missing plan members

The Pension Investment Association of Canada is expressing its support for the Financial Services Regulatory Authority of Ontario’s draft guidelines for pension plan sponsors dealing…

  • By: Staff
  • September 23, 2020 November 26, 2020
  • 09:30
Protecting worker health, well-being top challenge for HR during pandemic, finds survey

Protecting worker health, well-being top challenge for HR during pandemic, finds survey

Human resources professionals are facing a range of complex challenges since the global pandemic began, according to a new survey by ADP Canada Co. The majority (61…

  • By: Staff
  • September 23, 2020 November 12, 2020
  • 08:45

Survey finds 76% of Canadian businesses used federal wage subsidy to keep employees

Three-quarters (76 per cent) of Canadian business leaders say the Canada Emergency Wage Subsidy is a good investment to help the economy rebound and get Canadians…

  • By: Staff
  • September 22, 2020 November 17, 2020
  • 15:30

91% of institutional investors say pandemic will lead to a global recession: survey

A majority (79 per cent) of institutional investors see a global economic slowdown as the top threat to their portfolios in the next 12 months,…

  • By: Staff
  • September 22, 2020 November 17, 2020
  • 15:15