Latest news in Benefits Canada News

Novus Health partners with iA Financial Group to provide health, wellness tools

Novus Health partners with iA Financial Group to provide health, wellness tools

Novus Health is partnering with iA Financial Group to provide employers with health and wellness tools for their plan members. “For many Canadians, health literacy remains a…

  • By: Staff
  • July 24, 2018 September 13, 2019
  • 16:15
Ontario Teachers’ adding financing to energy storage company

Ontario Teachers’ adding financing to energy storage company

The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in…

  • By: Staff
  • July 24, 2018 September 13, 2019
  • 15:30
iA Financial Group integrates group savings, retirement plans into app

iA Financial Group integrates group savings, retirement plans into app

The iA Financial Group is integrating its group savings and retirement plans into its mobile app. The added functionality aims to allow plan members to track…

  • By: Staff
  • July 24, 2018 September 13, 2019
  • 09:58
Sears retirees asking court for company’s remaining funds for pension deficit

Sears retirees asking court for company’s remaining funds for pension deficit

Sears Canada Inc. retirees, through Koskie Minsky LLP, filed a motion in court on Friday seeking the retailer’s remaining cash to help fund their pension shortfall. While…

What is the plan sponsor’s role in mitigating the opioid crisis?

There were almost 4,000 opioid-related deaths in Canada in 2017, according to Health Canada statistics released in June. Meanwhile, in the United States, a new…

Use caution when changing benefits to account for CPP enhancements, report warns

Use caution when changing benefits to account for CPP enhancements, report warns

As the average income replacement rate for capital accumulation plans continues to trend downwards, can employers mitigate this movement with the Canada Pension Plan’s incoming…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 16:15
Report suggests building racial equity into investment portfolios to boost long-term growth

Report suggests building racial equity into investment portfolios to boost long-term growth

With the growth of investment strategies focusing on socially responsible investing, there are many angles for institutional investors to consider. A new report by Cambridge Associates indicated investors…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 16:15
Aurora Cannabis to cover medical marijuana for employees

Aurora Cannabis to cover medical marijuana for employees

Aurora Cannabis Inc. is rolling out a new employee benefits plan that includes coverage of medical marijuana. The plan, which will be administered by Sun…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 09:56
Caisse investing in cell tower builder, CPPIB in California office park

Caisse investing in cell tower builder, CPPIB in California office park

La Caisse de dépôt et placement du Québec is teaming up with global investment manager AMP Capital Investors Ltd. to provide more than $657 million in…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 09:52
Proposed PMPRB changes could limit Canada’s access to new drugs: report

Proposed PMPRB changes could limit Canada’s access to new drugs: report

While the federal government’s proposed amendments to Canada’s patented medicines regulations are aimed at reducing the cost of prescription drugs, they risk limiting patient access to new, innovative…

  • By: Staff
  • July 20, 2018 September 13, 2019
  • 16:20
Cambridge Associates adds investment director to focus on women, minority asset managers

Cambridge Associates adds investment director to focus on women, minority asset managers

Cambridge Associates is adding Jasmine Richards as senior investment director and manager of diversity. The role, based in Boston, will involve leading the firm’s search to identify institutional-quality…

  • By: Staff
  • July 20, 2018 September 13, 2019
  • 16:00
National pharmacare program should be voluntary for provinces, territories: premiers

National pharmacare program should be voluntary for provinces, territories: premiers

In a meeting in Saint Andrews, N.B., on Friday, provincial and territorial premiers met to discuss ways to improve health care for Canadians, including the…

Strike looms as N.S. credit union proposes DB pension closure

Strike looms as N.S. credit union proposes DB pension closure

After several months of negotiations between Nova Scotia’s East Coast Credit Union and Unifor, 44 employees have voted in favour of strike action over the proposed closure…

Feds encouraging Canadians to weigh in on national pharmacare

Feds encouraging Canadians to weigh in on national pharmacare

With an eye toward dismantling the barriers many Canadians face in accessing prescription drugs, the federal government is launching an online consultation process on national pharmacare. The…

  • By: Staff
  • July 20, 2018 September 13, 2019
  • 10:07
Equity investors facing uncertainty, volatility as path to de-globalization continues

Equity investors facing uncertainty, volatility as path to de-globalization continues

Despite the Trump administration’s ongoing trade antics, U.S. markets appear to have calmed their jitters compared to the first quarter of 2018, but there are…

SSQ partners with Allianz Global Benefits, Arthur Gallagher buys Winnipeg firm

SSQ partners with Allianz Global Benefits, Arthur Gallagher buys Winnipeg firm

SSQ Life Insurance Co. Inc. is partnering with Allianz Global Benefits to grow its group insurance business across Canada. “This type of collaboration is a first…

  • By: Staff
  • July 19, 2018 September 13, 2019
  • 10:20
Court decision in IBM case clarifies enforcement of termination clauses

Court decision in IBM case clarifies enforcement of termination clauses

The long search for the perfect failsafe provision in employment agreement termination clauses may be over with the Ontario Court of Appeal’s recent decision in…

Just 20% of employers measure ROI on financial education programs

Just 20% of employers measure ROI on financial education programs

Two-thirds (63 per cent) of North American employers offer financial education to their staff and a further 19 per cent are considering doing so, according to a…

  • By: Staff
  • July 19, 2018 September 13, 2019
  • 08:30
Ivanhoé Cambridge and partner to build Texas office tower

Ivanhoé Cambridge and partner to build Texas office tower

Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, in partnership with Texas-based international real estate firm Hines Interests Ltd.…

  • By: Staff
  • July 18, 2018 September 13, 2019
  • 16:45
Institutional investor group identifies 61 more companies for climate change focus

Institutional investor group identifies 61 more companies for climate change focus

Climate Action 100+ is ramping up its action on climate change by highlighting a further 61 companies for institutional investors to focus on. The group…

  • By: Staff
  • July 18, 2018 September 13, 2019
  • 16:30
Should employers share potential tax burden for pharmacare?

Should employers share potential tax burden for pharmacare?

While a national pharmacare program is likely to come with a tax hike, will that cost be balanced out by savings on prescription drugs and private…

  • By: Ryan Murphy
  • July 18, 2018 September 13, 2019
  • 09:30
Golf Town nudges employees with online communication platform

Golf Town nudges employees with online communication platform

Golf Town Ltd. is giving its workforce a little nudge to help get its communications across. Last year, the retailer connected with Nudge Rewards Inc., introducing the technology…

  • By: Ryan Murphy
  • July 18, 2018 September 13, 2019
  • 09:15
Global growth on track for 2018, despite challenges: report

Global growth on track for 2018, despite challenges: report

The global economy is expected to grow around 3.2 per cent in 2018, in line with last year, but there will be many challenges throughout the…

  • By: Staff
  • July 18, 2018 September 13, 2019
  • 09:00
RBC Insurance introduces online wellness program for plan sponsors

RBC Insurance introduces online wellness program for plan sponsors

RBC Insurance is rolling out a free wellness program for its group benefits plan sponsors with health coverage. The digital program features health risk assessments,…

  • By: Staff
  • July 17, 2018 September 13, 2019
  • 09:58
Pension, benefits maintained as Ontario mine workers ratify collective agreement

Pension, benefits maintained as Ontario mine workers ratify collective agreement

Hourly workers at Compass Minerals International Inc.’s mine in Goderich, Ont. have voted in favour of a new collective agreement that allows them to maintain…

  • By: Staff
  • July 17, 2018 September 13, 2019
  • 08:00