Women feel more empowered to prioritize their financial wellness in workplaces that provide a sense of purpose, inclusion and a safe space to ask questions, says Dilys D’Cruz, senior vice-president of retail and wealth at Meridian Credit Union. A September 2025 report by Meridian found 67 per cent of Canadian women felt stressed and uncertain […]
Young Canadians are redefining how they think about retirement, with many expecting to work longer and prioritizing flexibility and work-life balance in their careers, according to new survey from the Co-operators Group Ltd. It found two-thirds (65 per cent) of Canadians younger than age 35 believe retirement will look different for their generation compared to […]
Employers can improve women’s financial security by recognizing gender differences and improving pension contribution and benefits structures, says Kadie Philp, commissioner and chief administrative officer at the Ontario Pay Equity Commission. To close the gender pension gap, employers need to recognize how different work-life patterns can be for men and women, in addition to making […]
This year marks Benefits Canada’s fifth annual Mental Health Issue, an initiative introduced in the wake of the coronavirus pandemic as employers ramped up their focus on this crucial topic. It hasn’t slowed down since. In fact, I’d argue employers’ attention to creating thoughtful and relevant mental-health resources and support for employees will continue its […]
Canadians believe they’ll need an average of $1.7 million to retire comfortably, up from $1.54 million in 2024, and more than a third say they’re unlikely to reach that goal, according to a new survey by BMO Financial Group. It found retirement expectations vary significantly by region, with British Columbia reporting the highest average savings […]
Nearly three-quarters (74 per cent) of Canadians say rising inflation has increased concerns about having enough money saved for retirement, according to a new survey by the Bank of Montreal. It found 47 per cent estimated they’re spending an additional $100 to $300 per month on necessities, while 34 per cent said their monthly expenses […]
Canadian small- and medium-sized employers lose an average of 31 working days annually due to stress, according to a new survey by One Picture on behalf of Xero Ltd. The survey, which polled 300 Canadian employers with less than 200 employees, found they spend an average of nine hours a week feeling stressed, concerned or […]
An Ontario court approved Wednesday the creation of a $250,000 hardship fund for former employees of Hudson’s Bay Co. as well as $5 million in collective payments to ex-HBC staff who were set to lose their long-term disability benefits. The hardship fund is targeted at workers and retirees who have been having trouble paying expenses […]
Ontario’s Superior Court is scheduled to decide next week whether to approve a fund the insolvent company will set up to help former Hudson’s Bay Co. workers with expenses. The more than 9,300 workers who lost their jobs last year when the company collapsed weren’t paid severance and some lost access to long-term disability and […]
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn’t until the federal government opened up a new option for succession planning that he found the right buyer: his own employees. Deitz — co-founder of Grantbook, a Toronto-based firm that supports organizations doling out grants to […]