Latest news in Benefits Canada News

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36% of employers changing initial 2024 salary budgets: survey

Among the 36 per cent of Canadian employers that say they’ve made changes to their initial 2024 salary budgets, more than half (56 per cent)…

  • By: Staff
  • February 7, 2024 February 6, 2024
  • 15:00
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Webinar coverage: Exploring the role of pharmacists in diagnosing, managing diabetes

Amid an increase in diabetes diagnoses among Canadians, pharmacists can play a greater role in employers’ and private payers’ chronic disease prevention and management strategies…

OMERS appointing Celine Chiovitti as chief pension officer

The Ontario Municipal Employees’ Retirement System is appointing Celine Chiovitti as chief pension officer, effective Feb. 6, 2024. In the new role, she’ll continue to…

  • By: Staff
  • February 7, 2024 February 7, 2024
  • 09:00
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Feds launching web tool to track representation, pay disparity for women, minorities

The federal government has launched a new pay transparency website to better illustrate how women, visible minorities, people with disabilities and Indigenous Peoples are represented…

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CPPIB, Oxford Properties sell two Vancouver office buildings, OMERS closes €750 million term notes offering

The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two…

  • By: Staff
  • February 6, 2024 February 5, 2024
  • 11:00

U.S.-China business relationship, private credit shaping investments in 2024: IMCO

The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this…

84% of U.S. employers planning to adjust leave programs in the next two years: survey

A majority (84 per cent) of U.S. employers are planning to make changes to their leave programs in the next two years, according to a…

  • By: Staff
  • February 5, 2024 February 5, 2024
  • 15:00

Survey finds Black Canadians report high levels of racism despite workplace improvements

Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in…

20% of Canadian employees worked mostly from home at the end of 2023: Stats Can

The percentage of Canadians working most of their hours from home continued to decline in November 2023 to 20 per cent, from 40 per cent…

  • By: Staff
  • February 5, 2024 February 2, 2024
  • 09:00

FSRA’s proposed guidance on retroactive adverse amendments inconsistent with case law, Pension Benefits Act: ACPM

The Financial Services Regulatory Authority of Ontario’s revised proposed guidance on retroactive adverse amendments for pension plan administrators is inconsistent with existing case law, the wording…

  • By: Staff
  • February 5, 2024 June 6, 2024
  • 09:00

Competition minister raises concerns over Manulife, Loblaw pharmacy deal

The federal minister in charge of promoting competition says he’s concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd. that restricts patients…

Ontario appeal court ruling marks substantial shift in enforcement of termination clauses

Court of Appeal upholds $1.5 million punitive damages award in LTD claims case

The Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award — reportedly the largest award of its kind in a Canadian long-term…

29% of Canadian employees want to work remotely to save commuting costs, time: survey

More than a quarter (29 per cent) of Canadian employees say they want to reduce in-office work, with three-quarters (76 per cent) citing saving time…

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Average Canadian DB pension plan returns 8.2% in Q4 2023: report

The average Canadian defined benefit pension plan posted returns of 8.2 per cent in the fourth quarter of 2023, according to RBC Investor Services. It…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 15:00

AIMCo creates $1 billion fund for energy transition, Caisse backs aircraft financing platform

The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00

Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report

A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00
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N.B. transferring 5 public DB pension plans to shared-risk model

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension…

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Half of Canadian BIPOC employees feel uncomfortable or unwelcome at work: survey

Roughly half of Black, Indigenous and people of colour employees in Canada report feeling uncomfortable or unwelcome in the workplace, especially those aged 30 to…

  • By: Staff
  • February 1, 2024 February 14, 2024
  • 09:00

Baby boomers are the happiest employees in the workplace: survey

For the 13th consecutive month, baby boomers are the happiest generation in the workplace, reporting an average happiness level of 7.1 on a scale of…

  • By: Staff
  • January 31, 2024 January 31, 2024
  • 15:00

Manulife, Loblaw deal to deliver specialty drugs sparks access, competition concerns

Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription…

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ACPM focusing on VPLA policy, ESG investment standards in 2024

In the coming year, the Association of Canadian Pension Management is looking forward to the possibility of participating in final consultations on policies and legislation…

Loyalist College janitors’ new contract includes pension, sick days

Robinson Solutions, Unifor agreement includes pension, benefits gains

The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension…

  • By: Staff
  • January 31, 2024 January 30, 2024
  • 09:00
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North American companies continue to link executive pay programs to ESG measures: report

The adoption of environmental, social and governance measures in executive incentive plans continues to increase across markets, especially in North America, according to a new…

  • By: Staff
  • January 30, 2024 January 30, 2024
  • 15:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

Just 22% of Albertans support CPP withdrawal, creation of provincial pension plan: survey

Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial…

  • By: Staff
  • January 30, 2024 January 29, 2024
  • 09:00