Latest news in Benefits Canada News

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What’s behind the BoC’s latest interest rate choice?

Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of…

Etsy to allow staff to trade in parental leave for cash in 2019

Starting in 2019, Etsy Inc. employees will be allowed to trade in up to 14 weeks of parental leave for a cash payment to help with…

  • By: Staff
  • December 6, 2018 September 13, 2019
  • 15:30
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Caisse providing $150M in financing to Quebec-based insurer

The Caisse de dépôt et placement du Québec is lending $150 million to SSQ Life Insurance Co. Inc. SSQ Insurance, a large insurance and investment company based in…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 15:15
Express Scripts Canada appoints new president

Express Scripts Canada appoints new president

Express Scripts Canada is appointing Dr. Dorian Lo as president following Michael Biskey’s retirement from the position in the first quarter of 2019. Lo is…

  • By: Staff
  • December 6, 2018 September 13, 2019
  • 15:00
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Canadian taxpayers bearing risk of public DB pension plans: report

Canadian taxpayers are providing $22 billion each year to the country’s public sector pension plans by assuming undisclosed investment risks, according to a new report…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 10:48
EY Canada raises mental-health benefits to $5,000 for all staff

EY Canada raises mental-health benefits to $5,000 for all staff

EY Canada is increasing its mental-health benefits for all employees and their dependents from $900 to $5,000 a year.  “EY wouldn’t exist, let alone thrive, without…

  • By: Staff
  • December 6, 2018 September 13, 2019
  • 09:00
Just 9% of employers offer virtual health care: survey

Just 9% of employers offer virtual health care: survey

Despite a growing interest in virtual health care, many employers still aren’t adopting the technology in their benefits plans, according to new research by Medisys Health Group Inc.…

  • By: Jann Lee
  • December 6, 2018 September 13, 2019
  • 08:45
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Canadian DB pensions benefit from higher asset returns in November: Aon

Though financial markets were volatile and bond yields dropped, Canadian defined benefit pension plans benefited from higher asset returns in November, with median solvency standing…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 08:30

OMERS sells majority stake in U.S. auto repair company

The Ontario Municipal Employees Retirement System’s private equity arm is selling its majority stake in a U.S. auto repair company to investment firm Hellman & Friedman. The pension…

  • By: Staff
  • December 5, 2018 January 12, 2021
  • 15:30
75% of North American workers looking for or considering new job: survey

75% of North American workers looking for or considering new job: survey

North American employees may have their eyes on other opportunities, as 37 per cent are actively or casually looking for a new job, according to a…

  • By: Staff
  • December 5, 2018 September 13, 2019
  • 15:30
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Emerging markets showing greater signs of economic stability

Emerging market equities are expected to show the heftiest returns in 2019, underpinned by a stronger economic background, said William Yun, executive vice-president at Franklin Templeton Multi-Asset Solutions,…

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Most investors expect bull market to end, but planning minimal portfolio changes: survey

While many investors expect the U.S. bull market to end in 2019, some institutional investors are planning changes to their allocation strategy or return assumptions,…

  • By: Yaelle Gang
  • December 5, 2018 January 12, 2021
  • 09:00
Health insurance, drug coverage top benefits for U.S. part-time workers: survey

Health insurance, drug coverage top benefits for U.S. part-time workers: survey

The most popular health benefits provided to part-time employees in the United States include health insurance (54 per cent), prescription drug coverage (53 per cent),…

  • By: Staff
  • December 4, 2018 September 13, 2019
  • 16:00
Great-West Life rolls out nationwide virtual health-care offering

Great-West Life rolls out nationwide virtual health-care offering

The Great-West Life Assurance Co. is now offering Dialogue’s virtual health-care services to employers in all Canadian provinces and the Yukon, as well as its…

  • By: Staff
  • December 4, 2018 September 13, 2019
  • 15:00

Institutional investors seeking disclosure on water risk

A coalition of investors is asking North American fossil fuel producers to up their disclosure on water risks. The Shareholder Association for Research and Education…

  • By: Staff
  • December 4, 2018 January 12, 2021
  • 09:00
What GDPR, PIPEDA mean for Canadian employers’ data protection

What GDPR, PIPEDA mean for Canadian employers’ data protection

With privacy and data protection laws in Canada and abroad evolving, these changes serve as a reminder to employers to be more stringent in safeguarding the information entrusted…

  • By: Jann Lee
  • December 4, 2018 September 13, 2019
  • 09:00
Mercer completes acquisition of Pavilion Financial’s investment business

Mercer completes acquisition of Pavilion Financial’s investment business

Mercer has completed the previously announced acquisition of Pavilion Financial Corp.’s investment consulting, alternatives consulting and wealth management operations. “We’re thrilled to be welcoming Pavilion…

  • By: Staff
  • December 4, 2018 September 13, 2019
  • 08:50
Sears pensioners reach settlement, without priority creditor status

Sears pensioners reach settlement, without priority creditor status

Sears Canada Inc.’s pensioners reached a settlement last week after they were denied priority over the company’s other creditors. The settlement is subject to certain…

  • By: Staff
  • December 3, 2018 September 13, 2019
  • 10:38
A look at Alberta’s incoming joint pension governance structure

A look at Alberta’s incoming joint pension governance structure

Although it’s somewhat late in the making, Alberta’s new pension legislation proposing a joint governance structure for three of the province’s largest pension plans appears…

Top 10 news stories of November 2018

Top 10 news stories of November 2018

The benefits, pension, investment and human resources industries were brimming with news in November. Here are the 10 most popular online stories on BenefitsCanada.com: 1. A…

  • By: Staff
  • December 3, 2018 September 13, 2019
  • 09:00
Employers continue to adopt non-traditional perks: study

Employers continue to adopt non-traditional perks: study

More employers are adding unique perks to their traditional benefits packages to meet the changing demands of their workforces, according to a new study by human resources…

  • By: Staff
  • November 30, 2018 September 13, 2019
  • 15:15
OMERS takes stake in French fibre optic infrastructure company

OMERS takes stake in French fibre optic infrastructure company

The Ontario Municipal Employees Retirement System’s infrastructure arm, along with Allianz Capital Partners and Axa Investment Manager’s real assets service, is taking on a 49.9 per…

  • By: Staff
  • November 30, 2018 September 13, 2019
  • 15:00
Great-West Life appoints new executive VP of group customer

Great-West Life appoints new executive VP of group customer

The Great-West Life Assurance Co., the London Life Insurance Co. and Canada Life Financial Corp. have appointed Brad Fedorchuk as executive vice-president for group customer. Since…

  • By: Staff
  • November 30, 2018 September 13, 2019
  • 09:28
More than 8,000 caregiving EI benefits claims since Dec. 2017: Feds

More than 8,000 caregiving EI benefits claims since Dec. 2017: Feds

In the first year since the federal government made changes to employment insurance benefits aimed at helping caregivers and new parents, it has received more…

  • By: Staff
  • November 30, 2018 September 13, 2019
  • 09:00
Ontario should act cautiously in allowing private label drugs: CLHIA

Ontario should act cautiously in allowing private label drugs: CLHIA

The Canadian Life and Health Insurance Association is asking the Ontario government to act cautiously in welcoming private label products under the provincial drug program and allowing…

  • By: Jann Lee
  • November 30, 2018 September 13, 2019
  • 09:00