A Montreal-area company has come up with a novel — if extreme — way to boost employee happiness: buying them a private island. The 30 workers at data services company Mon Technicien are now able to book stays on their employer’s newly acquired, 930-square-metre island in the Laurentian Mountains northwest of Montreal. The getaway in […]
The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were widely anticipating the central […]
The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession, but says a wide range of investments makes it well-positioned for uncertain economic conditions. The CPPIB reported Wednesday it earned a net return of 1.3 per cent in its latest fiscal year as inflation and rising interest rates weighed on both […]
Employers vastly underestimate the impact of workers leaving an organization on the staff left behind, leading to even more turnover, according to a new study by the University of British Columbia. “The research sends a clear message to organizations that they should be extremely careful when they make exit decisions or they risk destabilizing the […]
The agreement on remote and flexible work between public sector workers and the federal government could set the stage for future union negotiations, according to labour experts. “We’re basically entering a brand new phase of what we talk about in collective agreements, which includes workers’ autonomy over their time,” says Armine Yalnizyan, an economist and […]
Yukon is the first jurisdiction in Canada to provide government-funded paid sick leave with a program targeting workers who are most likely to suffer from taking unpaid time off. Retroactive to April 1, 2023, employees without paid sick leave through their employer and who are making less than or equal to $33.94 per hour, will […]
President Joe Biden’s order that federal employees in the U.S. get vaccinated against the coronavirus has been blocked by a federal appeals court. The 5th U.S. Circuit Court of Appeals in New Orleans has rejected arguments that Biden, as the nation’s chief executive, has the same authority as the chief executive officer of a private corporation to require […]
In Ontario’s 2023 budget, which was announced on Thursday, the provincial government confirmed its temporary paid sick day program will expire on March 31, 2023. The measure, which was introduced during the coronavirus pandemic and provided three paid sick days to workers, was designed to support people who needed to take time off work to […]
Tonya Johnson, age 39, is single, happy and freezing her eggs to buy a little more time before she starts a family. The procedure is costly — as much as $15,000 for one egg freezing cycle with medication — putting it out of reach for many. But Johnson works for one of a growing number of companies in Canada offering egg freezing as […]
British Columbia is rescinding its policy requiring provincial public servants to be vaccinated against coronavirus, effective April 3. Employees will still be required to be vaccinated if they work in settings under provincial health officer orders or other vaccination requirements, as well as in high-risk settings like health-care facilities. The changes also mean employees on […]