Latest news in Benefits Canada News

Ontario Teachers’ invests in supply chain tech, announces CFO to retire

The Ontario Teachers’ Pension Plan is leading a US$50-million series C funding round for Calgary-based 3D robotics supply chain company Attabotics Inc. The pension fund is making…

  • By: Staff
  • August 18, 2020 January 20, 2021
  • 15:15
Best Buy helping staff work out from home with virtual fitness classes

Best Buy helping staff work out from home with virtual fitness classes

Best Buy Canada Ltd. has had a well-used on-site gym at its Burnaby, B.C. head office for a decade. But when employees started working from…

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
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…

Sprout acquiring Calgary-based predictive health-data analytics provider

Toronto-based digital well-being solutions provider Sprout is acquiring Calgary-based predictive health-data analytics company Vivametrica Ltd. Vivametrica analyzes, measures and predicts health risks, potential outcomes and…

  • By: Staff
  • August 14, 2020 November 24, 2020
  • 09:00
Head to head: What shape will global economic recovery take?

Head to head: What shape will global economic recovery take?

As the global economy slogs through one of the most dire situations in living memory, some predict it will bounce right back to its old…

How Corteva Agriscience Canada transformed its culture after a merger

Formed a year ago through a merger and a spin off, Corteva Agriscience Canada is using change as an opportunity to redefine what it means…

2020 Consultants Report: Pandemic will fundamentally change benefits, pension plans

The coronavirus pandemic is fundamentally changing the future of work and, very likely, the nature of employer-sponsored benefits and pension plans. Looking to the end…

2020 Top 100 Pension Funds Report: How have Canada’s DB pensions changed over the last decade?

2020 Top 100 Pension Funds Report: How have Canada’s DB pensions changed over the last decade?

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking…

Canadian pension portfolio exposure to China inching higher

Canadian pension portfolio exposure to China inching higher

The rallying cry that China is simply too significant a part of the world’s economy to leave out of a well-diversified portfolio is about to…

How will China play into Canadian pension portfolios as exposure inches higher?

The rallying cry that China is simply too significant a part of the world’s economy to leave out of a well-diversified portfolio is about to…

UBC faculty pension plan offers fossil fuel-free investment option

UBC faculty pension plan offers fossil fuel-free investment option

Over the last several years, a small group of faculty members at the University of British Columbia has been calling on its pension plan’s board…

Successful return-to-work processes more essential during coronavirus

Successful return-to-work processes more essential during coronavirus

For Chantelle Tadman, returning to work after maternity leave was more eventful than she’d hoped it would be. Between needing to take disability leave during…

Has coronavirus derailed progress of DC decumulation strategies?

For defined contribution plan members who were intending to retire in the first half of 2020, the market crash caused by the coronavirus may have…

Q&A with the City of Mississauga’s Elena Shiganova

The City of Mississauga’s acting senior manager of total rewards talks virtual health care, pension communications and spending time with family. Q. What top challenges…

Canadian salary increase budgets dropping in 2020: survey

Canadian salary increase budgets dropping in 2020: survey

Organizations in all Canadian provinces and territories are seeing a drop in their salary increase budgets for 2020, according to a new survey by WorldatWork.…

  • By: Staff
  • August 13, 2020 November 12, 2020
  • 09:18
Bloomberg launching proprietary ESG scores

Bloomberg launching proprietary ESG scores

Institutional investors looking to score potential investments on environmental, social and governance factors now have a new option. Bloomberg is launching its own set of ESG…

  • By: Staff
  • August 13, 2020 November 11, 2020
  • 08:45