Artificial intelligence has found its way into human resources departments and is expected to continue as a growing trend in the coming years, according to a new report by the Human Resources Professionals Association. The report, which explores key areas in which artificial intelligence can help organizations reduce their administrative burden, recruit staff, reduce bias and improve employee […]
The Caisse de dépôt et placement du Québec is committing a $50-million loan to a group of solar energy systems set up by California-based Sunrun Inc. The loan is part of a $302-million senior secured credit facility closed by Sunrun on Oct. 20, 2017. The U.S. solar energy company handles the entire process from design to sale and installation […]
Nearly three-quarters (74 per cent) of Canadian employers feel they have a responsibility to help their employees with their financial wellness, according to a new survey by the Conference Board of Canada. However, just one-fifth of employer respondents have a formal comprehensive financial wellness strategy in place, while an additional 37 per cent provide several programs that aren’t […]
The Ontario Teachers’ Pension Plan is selling part of its stakes in Britain’s Birmingham and Bristol airports to two Australian entities, the New South Wales Treasury Corp. and Sunsuper superannuation fund. TCorp and Sunsuper will each buy 15 per cent of Bristol Airport with Ontario Teachers’ retaining a 70 per cent stake. As for Birmingham Airport, Ontario Teachers’ will retain […]
The Caisse de dépôt et placement du Québec is loaning $150 million to Innergex Renewable Energy Inc., a Quebec-based renewable energy company. Among Innergex’s ventures are hydroelectric power plants, wind and solar farms, which it owns and operates. The company also announced its acquisition of Alterra Power Corp., a Vancouver-based renewable power generation company that operates in North America and in […]
A new collective agreement reached by United Steelworkers members at mining company Goldcorp Inc. in Timmins, Ont. includes improvements to pensions and benefits. Some 280 members of the union’s Local 7580 voted on Monday to ratify the agreement, which will provide pension benefit increases of more than eight per cent over its three-year term, to $66 […]
The Canada savings bond program takes its final bow on Nov. 1, leaving a hole in Canadians’ hearts and savings portfolios. The program began in 1946, preceded by war savings certificates and victory bonds issued during the two world wars. As part of Canada’s postwar financing program, the Canada savings bond and associated payroll program then […]
High-price drugs accounted for 40 per cent of patented drug sales in 2016, compared to 7.6 per cent in 2006, according to the Patented Medicine Prices Review Board’s 2016 annual report. The report, which was tabled by Minister of Health Ginette Petitpas Taylor last week, found the number of medicines in Canada with an annual […]
Solvency ratios for defined benefit pension plans regulated by the Financial Services Commission of Ontario have stayed relatively stable, according to the organization’s quarterly report. The median solvency ratio was 91 per cent as of Sept. 30, 2017, up from 89 per cent on June 30 and down from 93 per cent on March 31. […]
How long is your daily commute? Thirty minutes? An hour? Two hours? The actual average amount of time Canadians spend getting to and from the workplace is 53 minutes, according to a new survey by staffing firm Robert Half International Inc. The survey, which looked into the commuting habits of more than 500 Canadian employees, […]