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Can Home Capital ‘plug the gap’ with $2B from HOOPP?

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 to eliminate 1,500 jobs in Canada

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 […]

  • By: Staff
  • April 25, 2017 September 13, 2019
  • 09:27
Have your say: Does medical pot ruling portend coverage changes for benefits plans?

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 […]

  • By: Staff
  • February 7, 2017 September 13, 2019
  • 09:22

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 […]

  • December 10, 2015 September 13, 2019
  • 10:21
68% of Canadians are financially literate: Report

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 […]

  • By: Staff
  • November 20, 2015 September 13, 2019
  • 15:49
CLHIA welcomes TPP deal

The Canadian Life and Health Insurance Association (CLHIA) is encouraged by a successful conclusion to the Trans-Pacific Partnership (TPP) negotiations.

  • By: Staff
  • October 5, 2015 September 13, 2019
  • 10:55
Google invests in health insurance startup

Google Capital has invested US$32.5 million in insurance startup Oscar Health Insurance Corp.

  • By: Staff
  • September 16, 2015 September 13, 2019
  • 11:45
Fight for your employees’ health

Benefits Canada’s 2015 Healthy Outcomes Conference shows how employers can encourage healthy behaviours while containing costs

Life and health insurance industry sees strong growth

Canada's life and health industry continued its trajectory of strong growth, despite the climate of prolonged low interest rates and slower growth of the Canadian economy.

  • By: Staff
  • August 31, 2015 September 13, 2019
  • 11:58
BNY Mellon to pay US$14.8 million to settle bribery case

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.