The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses and workers through the trade war with the U.S. The government is building new flexibility into the employment insurance program to help businesses retain workers by reducing work hours. Read: How […]
Canadian asset owners representing about $53 billion in holdings say they’re disappointed that Canada’s financial institutions have left net-zero emissions initiatives and are calling for them to follow through on climate commitments. The 34 signatories to an open letter include the Trottier Family Foundation, the Canada Post Pension Plan, United Church of Canada and the […]
Finance Minister Chrystia Freeland says today’s fall economic statement will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting shares of a Canadian entity. Freeland says this will make it easier for Canadian pension funds, which have more than $3 trillion in assets, to make […]
Molson Coors Beverage Co. says it’s dropping its diversity, equity and inclusion policies and taking a “broader view” in which all employees know they’re welcome, but groups representing the LGBTQ2S+ community say the move is a step backward. An internal memo shared by the brewing company with the Canadian Press said Molson Coors’ DEI employee training is […]
The Nova Scotia government has tabled a bill that would significantly increase the amount of unpaid time off for employees who develop a serious illness or are severely hurt on the job. Labour Minister Jill Balser told reporters if the bill becomes law, workers will get up to 27 unpaid weeks off without fear they’ll […]
The Ontario Municipal Employees’ Retirement System earned a net investment return of 4.4 per cent for the first six months of this year, helped by the performance of its investments in public equities and strong contributions from its holdings in private credit and infrastructure. The fund had a good start to the year, reflecting the […]
The Ontario Teachers’ Pension Plan earned a net return of 4.2 per cent for the first six months of this year. The result came as the pension fund earned net investment income of $10.8 billion for the period. The Ontario Teachers’ had $255.8 billion in total net assets at June 30. Read: Ontario Teachers’ returns 1.9% for 2023 The results for […]
A pair of law firms say an Alberta court has certified a class action alleging Uber Technologies Inc. has so much control over drivers and couriers in the province that it constitutes employment. McKenzie Lake Lawyers LLP and Duboff Edwards Schachter Law Corp. say the ride-hailing giant has misclassified the employment status of Alberta drivers […]
The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]
The federal government’s pharmacare bill is headed to the Senate after passing third reading in the House of Commons. The bill was the result of careful and lengthy negotiations between the Liberals and the New Democratic Party as a key element of their political pact to prevent an early election. Read: Liberals table bill paving way […]