Just seven per cent of Canadians say saving for retirement is their top financial priority in 2018, according to a new survey by CIBC. Men are nearly twice as likely than women to prioritize retirement savings, with nine and five per cent, respectively, citing this as a priority in the new year. And with only 16 per cent […]
Canada’s 100 highest-paid chief executive officers earned 209-times more than the average worker in 2016, according to a new report by the Canadian Centre for Policy Alternatives. Its annual report found the income gap between Canada’s top executives and the average worker is at record highs, as the average chief executive officer made $10.4 million in 2016 compared to […]
KKR & Co. is acquiring PetVet Care Centers from the Ontario Teachers’ Pension Plan and other current shareholders. PetVet buys and operates veterinary hospitals in 22 states throughout the United States. Ontario Teachers’ originally acquired the company in early 2015. “PetVet partnered with Ontario Teachers’ because of its deep experience investing in multi-site health-care platforms, and this transaction marks […]
It’s not just a new year for SSQ Life Insurance Co. Inc., as the company has a new name as well. It has rebranded as SSQ Insurance, instead of SSQ Financial Group. The name change reflects insurance being the core of its business for almost 75 years, according to the company. “The new brand identity, along […]
With 2017 coming to a close and 2018 on the horizon, professionals in the pension, investment, benefits and human resources industries have a number of dates to add to their calendars for the new year. Jan. 1: Ontario’s new youth pharmacare program takes effect. It will provide universal coverage of all medicines listed in the Ontario Drug Benefit […]
When it comes to the most popular investment stories of the year, Benefits Canada‘s biannual top money managers’ rankings were at the top of the list in 2017, with many readers also interested in the affect on pension plans of the Canadian dollar’s rise and interest rate boosts. Benefits Canada rounds up your favourite investment stories of 2017: […]
One of the biggest topics in the health and benefits industry in 2017 was the federal government’s new 18-month parental leave option. Three stories on this issue topped the list, with news about benefits fraud, health benefits tax and medical marijuana also ranking. Benefits Canada rounds up your favourite health and benefits stories of 2017: Budget boosts parental […]
Bankruptcy and its impact on company’s pension plans was a big story in 2017, with Sears Canada Inc. and Stelco Inc. grabbing the most headlines of the year. Benefits Canada rounds up your favourite pension stories of 2017: Sears faces $300M retirement benefit shortfall as retailer seeks CCAA protection 2017 Top 100 Pension Funds Report: The evolution of DB […]
The Ontario financial regulator’s move to wind up the Sears Canada Inc. pension plan will be proceeding to a hearing after a creditor of the struggling retailer requested one. Sears itself didn’t request a hearing, which interested parties had the ability to do up until a mid-December deadline. The creditor, 1291079 Ontario Ltd., made the request on […]
The Caisse de dépôt et placement du Québec has completed the previously announced $150 million financing of La Capitale Financial Group. The transaction will provide the Quebec-based company with additional capital to continue to grow and support its strategic development plan, according to a press release. It operates across Canada in the property and casualty insurance sectors, employs 2,700 […]