The Alberta Investment Management Corporation has appointed Roger Renaud to its board of directors. Most recently, Renaud was president for Canada and global chief operating officer of Manulife Asset Management, where he oversaw the integration of Standard Life Investments into the firm. “As AIMCo continues to evolve as a global investor, it is important that […]
After the Arthritis Society’s extensive advocacy for medical cannabis research, it seemed only natural for the organization to cover the drug under its employee benefits plan. In 2017, as it prepared to introduce the coverage, it brought together an expert panel, including doctors with extensive experience prescribing medical cannabis and expert pharmacists and advisors from […]
The City of Toronto’s director of pensions, payroll and employee benefits discusses pension changes, data technology and being a soccer dad. Q. What top challenges do you face in your role? A. We’re going through a large transformation in the division and that impacts a lot of areas, so basically looking at the programs, the […]
The Toronto Transit Commission has settled a 2016 lawsuit against its insurer for the alleged failure to detect a benefits fraud scheme involving orthotics store Healthy Fit Inc. To date, 10 people — nine former TTC employees and Healthy Fit owner Adam Smith — have been convicted in relation to the scheme. More than 250 TTC employees resigned or […]
GFL Environmental Inc. is cancelling its initial public offering, which was expected to raise upwards of US$2.4 billion, after investors proposed pricing below its desired range. The Vaughan, Ont.-based waste management company in October had launched its IPO priced at between US$20 and US$24 per share. “The existing shareholders determined that the proposed pricing offered […]
Arthur J. Gallagher & Co. is appointing Ezaque Lopes as national growth leader of Gallagher Benefit Services (Canada) Group Inc. In the role, Lopes will be responsible for developing a plan to help more plan sponsor clients attract and retain top talent while driving greater productivity, profitability and organizational well-being, according to a press release. Read: Gallagher […]
With more than 1,400 mental-health apps available for download, and more entering the marketplace every day, are these tools an effective way for employers to support employee well-being? The journal Nature Digital Medicine, which estimated the number above, also found only 2.6 per cent of apps that are clinically relevant specifically for depression provided evidence […]
Over the last year, companies listed on the Toronto Stock Exchange have seen little movement in the proportion of female executive officers on their boards, according to an annual report by Osler, Hoskin and Harcourt LLP. The study, which looked at diversity disclosure practices relating to women in leadership roles by TSX-listed companies, found that, among companies […]
The Ontario Court of Appeal has ruled an employee was in the right when she rescinded her retirement notice after circumstances changed. In September 2016, Elisabeth English, a 64-year-old employee at Manulife, resigned after the company said it would be implementing a new computer system, citing her concern with learning a new system. When she met with […]
The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is […]