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Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to a new report by the Canadian Union of Public Employees. The report, which analyzed employment data from publicly funded post-secondary institutions, found only 23 per cent of contract food services employers […]

  • May 13, 2022 May 13, 2022
  • 09:00

Three-quarters (74 per cent) of employees with flexible schedules are working more hours than they were pre-pandemic, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 500 employees, found 60 per cent of all respondents are putting in 40 or more hours a week. Almost half (45 per […]

  • May 12, 2022 May 12, 2022
  • 15:00

Diversified pooled fund managers saw median losses of 4.1 per cent in the first quarter of 2022, according to LifeWorks Inc.’s performance universe. While Canadian equities increased 3.8 per cent on the S&P/TSX composite index, the median return for Canadian equity managers was just three per cent. Significant losses were seen in the U.S., with the […]

  • May 12, 2022 May 12, 2022
  • 12:30

The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]

  • May 12, 2022 May 12, 2022
  • 12:00

The Canadian Imperial Bank of Commerce is adding gender affirmation coverage to its benefits program and enhancing existing offerings such as paid parental leave and fertility treatments. The gender affirmation benefit will cover specific gender transition surgeries and procedures not covered by provincial programs to an annual maximum of $10,000 and a lifetime maximum of $25,000, according to […]

  • May 12, 2022 May 13, 2022
  • 09:00

A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change their retirement date because of the coronavirus pandemic, according to a new survey by RBC Insurance. It found Canadians are still largely relying on traditional retirement savings tools, such as […]

  • May 11, 2022 May 10, 2022
  • 09:00

Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts, according to a survey by Principal Financial Services Inc. The survey, which polled 500 employers and 200 employees, found the top three enhanced benefits are short- and long-term disability insurance, […]

  • May 10, 2022 May 10, 2022
  • 15:00

Canada’s institutional investors saw assets decline by 4.61 per cent in the first quarter of 2022, according to the BNY Mellon Canadian master trust universe. With respect to non-traditional asset classes, real estate delivered the highest performance, with a quarterly median return of 4.65 per cent. Among traditional asset classes, Canadian equities performed best. During the […]

  • May 10, 2022 May 10, 2022
  • 13:10

The Caisse de dépôt et placement du Québec is providing US$150 million in financing to a U.S. fibre optic network company. Everstream Solutions operates a 43,000 kilometre fibre optic network and 63 data centres in the U.S. The capital, provided by the Caisse through its subsidiary CDPQ Revenu Fixe VIII Inc., will be used to increase […]

  • May 10, 2022 May 10, 2022
  • 11:45

A majority (88 per cent) of human resources professionals believe mental-health resources can increase productivity, employee retention (86 per cent) and organizational return on investment (78 per cent), according to a new survey by the Society for Human Resource Management Foundation. It found while 90 per cent of respondents said mental-health resources can serve as […]

  • May 9, 2022 May 9, 2022
  • 15:00