As Home Capital Group Inc. grapples with plunging share prices and large withdrawals in quick succession, the Healthcare of Ontario Pension Plan has inserted itself into the uncertainty by offering financing to the beleaguered mortgage lender. But is the move a bad business decision by the pension plan? “Investing is a very complicated business, but I think […]
Great-West Life will be eliminating 1,500 positions over the next two years through a combination of layoffs, a voluntary retirement program and reducing temporary positions, the company announced today. The move works out to a 13 per cent reduction of the company’s 12,000 employees in Canada. “These are difficult but necessary decisions that we are […]
Last week, injured elevator technician Gordon Skinner won the right to have his medical marijuana prescription covered by his employer-sponsored plan. It’s not the first time a plan member has done so. In 2015, Jonathan Zaid fought for and won coverage for medical cannabis through his student plan at the University of Waterloo. In Skinner’s case, his successful […]
If you are concerned about the potential impact of the new biologic cholesterol medications (known as anti-PCSK9) it is important to get the facts about these new drugs and their potential impact on your drug plan. New treatments, like REPATHA™ have recently entered the Canadian market, however they are only intended to be used by patients who are high risk for cardiovascular events. See […]
On a global scale, Canada ranks 5th when it comes to the financial literacy. Also ranking high are Norway, Denmark, Sweden and Israel, according to a new report that examines the findings of a recent S&P global financial literacy survey. In all five of the countries listed above, between 68% and 71% of adults are […]
BNY Mellon has agreed to pay US$14.8 million to settle federal civil charges of attempting to influence officials of a Middle Eastern sovereign wealth fund by giving internships to their family members.