Latest news in Benefits Canada News

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Molson Coors ends DEI policies, moves to ‘broader view’

Molson Coors Beverage Co. says it’s dropping its diversity, equity and inclusion policies and taking a “broader view” in which all employees know they’re welcome,…

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Canadian employers focusing on workers’ emotional well-being in post-pandemic era: survey

More than two-thirds (68 per cent) of Canadian employers say employees’ emotional well-being continues to be their main wellness focus as they navigate challenges posed…

  • By: Blake Wolfe
  • September 9, 2024 September 6, 2024
  • 09:00

Caisse investing in Quebec-based energy company, CPPIB buying stake in data centre operator

The Caisse de dépôt et placement du Québec is investing $575 million in Montreal-based natural gas company Énergir. The investment, which will be made in…

  • By: Staff
  • September 6, 2024 September 6, 2024
  • 15:00

Nova Scotia bill would give workers 27-week unpaid leave for serious illness

The Nova Scotia government has tabled a bill that would significantly increase the amount of unpaid time off for employees who develop a serious illness…

Ontario reviewing impact of preferred pharmacy networks on plan members’ costs, accessibility

Ontario’s Ministry of Health is consulting on the role of preferred pharmacy networks in the province’s employer-sponsored drug insurance sector to determine how these agreements impact…

Top 5 HR, benefits, pension and investment stories of the week

An article announcing the finalists in the 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five human…

  • By: Staff
  • September 6, 2024 September 6, 2024
  • 09:00
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Wall Street rally helped boost 401(k) gains in first half of 2024: report

Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at…

What do historically low interest rates mean for DB pension de-risking?

Canadian pension risk transfer sales increase to $2.5BN in Q2 2024: report

The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.5 billion in the second quarter of 2024, compared…

  • By: Staff
  • September 5, 2024 September 6, 2024
  • 09:00
Using AI to gauge employee well-being, satisfaction

63% of U.S. employees using AI for precision instead of increasing productivity: survey

Nearly two-thirds (63 per cent) of U.S. employees use artificial intelligence tools to double-check their work, instead of tasks such as initial project research and data…

  • By: Staff
  • September 4, 2024 September 4, 2024
  • 15:00

Institutional investors paying up to 2% in private equity management fees: report

While the median investment management fee paid by institutional investors for private equity deals during the investment period is between 1.75 per cent and two…

  • By: Staff
  • September 4, 2024 September 4, 2024
  • 15:00
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Employees seeking alternatives to substance abuse treatment must provide evidence of effectiveness: Alberta court

The Court of King’s Bench of Alberta has ruled that employees who suggest an alternative to an employer’s accommodation for substance abuse treatment must provide…

Just 42% of U.S. workers confident they’re saving enough for retirement: survey

Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to…

  • By: Staff
  • September 3, 2024 September 3, 2024
  • 15:00

Who are the finalists of the 2024 Workplace Benefits Awards?

Benefits Canada is pleased to announce the finalists of the 2024 Workplace Benefits Awards. Across nearly 100 entries in 12 categories, leading Canadian employers demonstrated their accomplishments in supporting their…

  • By: Staff
  • September 3, 2024 October 28, 2024
  • 09:00

ESG issues see declining support in shareholder voting events: AIMCo

The Alberta Investment Management Corp. says there has been declining support for shareholder proposals linked to environmental and social factors, while support has increased for governance…

  • By: Staff
  • September 3, 2024 September 3, 2024
  • 09:00
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Real return bonds a boon for institutional investors, pension plan members: report

The end of the federal government’s real return bond program will deprive institutional investors and pension plan members of a valuable investment tool that can help…

  • By: Staff
  • September 3, 2024 September 3, 2024
  • 09:00
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Ford, Lowes among employers pulling back from DEI policies

Ford Motor Co. and Lowe’s Companies Inc. have joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing…

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Top 5 HR, benefits, pension and investment stories of the week

An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 30, 2024 August 29, 2024
  • 09:00
Using AI to gauge employee well-being, satisfaction

68% of Canadian hiring managers reporting higher worker productivity in 2024: survey

More than two-thirds (68 per cent) of Canadian hiring managers are reporting an increase in employee productivity compared to last year, according to a new…

Survey finds 34% of U.S. employees aged 50 and older phasing into retirement

A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey,…

  • By: Staff
  • August 29, 2024 August 29, 2024
  • 15:00
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U.S. health benefits costs rising to nearly 8% in 2025: survey

U.S. employers’ health benefits costs are expected to increase to nearly eight per cent for 2025, the highest amount in more than a decade, according…

  • By: Staff
  • August 28, 2024 August 28, 2024
  • 15:00

Ontario’s target-benefit framework too prescriptive, could lead to increased plan costs: ACPM

Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced…

  • By: Staff
  • August 28, 2024 August 27, 2024
  • 15:00
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AIMCo returns 5.4% in first half of 2024, driven by public equities

The Alberta Investment Management Corp. is reporting a net return of 5.4 per cent for the first half of 2024. During the six-month period ending…

  • By: Staff
  • August 28, 2024 August 28, 2024
  • 15:00

How employers can support employees experiencing pregnancy loss

Despite the prevalence of pregnancy loss, many employers still don’t have a plan in place that adequately supports employees experiencing this type of loss, says…

Half of U.S. employees considering looking for new job if employer reduces flexibility: survey

Half (50 per cent) of U.S. employees say they’d consider looking for a new job if their employer reduced remote and hybrid work flexibility, a…

  • By: Staff
  • August 27, 2024 August 26, 2024
  • 15:00

Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees

Citigroup Inc. is enhancing its parental leave and introducing a new caregiver leave for employees in the U.S. and Puerto Rico. The financial services company…

  • By: Staff
  • August 27, 2024 August 27, 2024
  • 09:00