U.K. employers are encouraging staff to try a vegan diet for the month of January. More than 75 organizations have signed on to the “Veganuary” workplace challenge, which encourages employees to try a diet free of animals or animal-derived products for the first 31 days of 2022. A wide array of organizations, from high-end department […]
Canada’s 100 highest-paid chief executive officers from the S&P/TSX composite index recorded their second best year ever for compensation in 2020 despite the coronavirus pandemic, according to a new report by the Canadian Centre for Policy Alternatives. The report found those 100 CEOs were paid an average of $10.9 million in 2020, which was higher than their […]
The largest defined benefit pension plans in the U.S. saw average funded status improve by eight per cent in 2021, according to a new report by Willis Towers Watson. It found the country’s largest DB pension plans saw their average funded statuses reach 96 per cent last year, higher than at any point since 2007. […]
The Ontario government is raising the minimum wage to $15 per hour. “Ontario’s workers deserve a raise and today we’re delivering one,” said Premier Doug Ford in a statement. “There’s no better way to support hard-working Ontarians right now than raising the minimum wage.” Read: CFIB, Unifor clashing over proposed $15 federal minimum wage As of […]
Investors should expect the unexpected in 2022, according to George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “2022 is likely to be filled with hidden hazards, both known unknowns and unknown unknowns,” he wrote in an email to the Canadian Investment Review. This […]
The Investment Management Corp. of Ontario is increasing its exposure to private equity, with plans to increase its exposure to the asset class to more than $6 billion by 2026. This year, the investment organization made about $2.3 billion in private equity transactions after starting the year with $2.7 billion in private equity assets — or […]
Employers are likely to see the expansion and tweaking of current health and well-being trends next year, according to the Business Group on Health. Virtual health care that integrates with in-person offerings and the continued expansion of mental-health and well-being services are among six trends that will underscore a “collective urgency” for employers and their […]
The Caisse de dépôt et placement du Québec is investing $100 million in a subscription commerce platform company. The investment in AppDirect Capital will be used to accelerate the growth of the AppSmart Invest program, a recently launched business-facing online technology marketplace that connects buyers with expert advisors. The marketplace is designed to help subscribing […]
The Canadian Drug Insurance Pooling Corp.’s high-cost drug framework provided coverage to almost 28,000 Canadians and their families where drug costs exceeded $10,000 annually in 2020. According to its results, the CDIPC estimated that its member insurance companies reimbursed claims associated with 54 new high-cost drugs including those for rare diseases. As well, based on past experience, […]
Women are 10 per cent more likely than men to say their financial health is the same or worse than last year, according to a new survey by Origin Financial. The survey, which polled 1,000 full-time employees in the U.S., also found 62 per cent of male respondents said they’re confident or very confident in […]