The Canadian Press

Feds changing sick leave benefit amid non-essential travel uproar

The Canada Revenue Agency is tweaking the requirements for three federal benefits following an uproar over the possibility of Canadians applying for the Canada Recovery Sickness Benefit after ignoring public health advice to not engage in non-essential travel. Anyone applying for the sick leave benefit, the Canada Recovery Benefit or the Canada Recovery Caregiving Benefit will now need to say whether […]

  • January 11, 2021 April 23, 2021
  • 15:00

Ontario Teachers’ facing pressure to divest from fossil fuels

An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. In a four-minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers’ Pension Plan to stop investing their […]

  • January 8, 2021 April 14, 2021
  • 09:15

Mercer Canada report says rally in stocks helped strengthen pension plans to end year

A rally on the stock market in the fourth quarter helped boost the strength of Canadian defined benefit pension plans to end the year, a report by Mercer Canada said Monday. The consulting firm said its pension health index, which represents the solvency ratio of a hypothetical defined benefit pension plan, rose to 114 per […]

  • January 5, 2021 April 14, 2021
  • 10:28

CPPIB acquiring U.K. mall after owner fails to find buyer

The Canada Pension Plan Investment Board’s credit division is acquiring the Trafford Centre in Britain after the shopping mall’s owner failed to find a buyer. The CPPIB Credit Investments Inc. provided a £250-million loan in 2017 that was secured by an equity interest in the Trafford Centre. The mall was placed under protection from creditors […]

  • December 16, 2020 April 23, 2021
  • 15:00

Public sector union pressuring PSP to ‘pull out’ of all long-term care investments

The Public Service Alliance of Canada is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company’s safety record during the coronavirus pandemic, saying the fund should “pull out of the business of long-term care” altogether. The public sector union, which represents 140,000 public sector pension plan […]

  • December 14, 2020 January 19, 2021
  • 10:12

Public sector union reiterating call for the PSP to ‘pull out’ of all long-term care investments

The Public Service Alliance of Canada is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company’s safety record during the coronavirus pandemic, saying the fund should “pull out of the business of long-term care” altogether. The public sector union, which represents 140,000 public sector pension plan members, first said […]

  • December 11, 2020 April 28, 2021
  • 09:00

Employers creatively celebrating the holiday season amid the coronavirus crisis

‘Tis the season for employers finding unique ways to mark the holiday season during the coronavirus pandemic. When the December holiday season rolls around, Rogers Communication Inc. staff usually work as efficiently as elves to transform the Rogers Centre into a carnival. They arrange for midway rides to sit in the Toronto ballpark and hire […]

  • December 9, 2020 April 28, 2021
  • 15:00

Walmart Canada giving employees ‘appreciation’ bonus

Walmart Canada Corp. is giving new cash bonuses to its employees, saying the “appreciation bonus payment” recognizes their ongoing dedication during the coronavirus pandemic. The move follows similar announcements made by other companies in recent weeks, including Sobeys Inc., and could put pressure on more retailers to offer so-called hero pay to essential workers as the […]

  • December 8, 2020 April 28, 2021
  • 15:00

Pandemic-induced recession may impact paternity leave usage: study

New research is suggesting a bump in the number of fathers planning to take time off with a new baby under a nascent national leave program could be affected by the coronavirus pandemic. It’s been more than a year since the Canadian government started offering the use-it-or-lose-it extra weeks of paid leave for non-birthing parents. The program was […]

  • December 2, 2020 April 28, 2021
  • 09:18

Provinces asking feds to delay bump in CPP premiums

Provincial finance ministers have been quietly prodding Finance Minister Chrystia Freeland to pause planned increases in the premiums employers and employees pay into the Canada Pension Plan. The planned increase on Jan. 1, 2021 is part of a multi-year plan approved by provinces and the federal government four years ago to boost retirement benefits through the public plan by […]

  • November 27, 2020 November 27, 2020
  • 15:30