Latest news in Benefits Canada Archive

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Economists agree we’re in a recession, but there’s little consensus on why

Economists say there is no doubt that Canada is experiencing a recession, but the exact criteria determining one is underway can be fraught with confusion.…

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What does a rise in Robinhood traders mean for institutional investors?

During and after the market crash of this year’s first quarter, retail traders flocked to the various commission-free online brokerages in droves. These traders began…

Canadian economy posted record drop in second quarter due to pandemic

The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before…

Foodora parent company to pay $3.46-million to Canadian couriers

Foodora parent company to pay $3.46-million to Canadian couriers

More than 2,000 former Foodora Canada couriers will receive compensation for losing their contracts when the food delivery service abruptly exited the Canadian market in…

  • By: Staff
  • August 28, 2020 November 12, 2020
  • 15:00
PSP investing in reinsurer, OMERS acquiring HVAC company

Aon, Willis Towers Watson merger receives shareholder approval

Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and…

  • By: Staff
  • August 28, 2020 January 20, 2021
  • 09:50
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Macklem says central bankers must speak simply or risk losing public trust

The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens…

U.S. push to further regulate ESG products in CAPs could hurt members

U.S. push to further regulate ESG products in CAPs could hurt members

The U.S. Department of Labor is taking jabs at the inclusion of environmental, social and governance products in capital accumulation plans — and it could…

  • By: Staff
  • August 28, 2020 November 30, 2020
  • 09:00

Shareholders approve Aon, Willis Towers Watson merger

Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and…

  • By: Staff
  • August 28, 2020 May 13, 2021
  • 08:45
Employees must accumulate 10.9 times final pay to maintain income in retirement: report

Employees must accumulate 10.9 times final pay to maintain income in retirement: report

The average Canadian employee will have to accumulate 10.9 times their final pay to maintain the same spendable income once they retire, according to a…

  • By: Staff
  • August 28, 2020 November 12, 2020
  • 08:42
Feds seeking applications for social security tribunal

Feds seeking applications for social security tribunal

The federal government is seeking applications to appoint new full- and part-time members to its social security tribunal, the arm’s length entity responsible for decisions…

  • By: Staff
  • August 28, 2020 November 30, 2020
  • 08:41

Plan Sponsor Week: Globally mobile workers need extra help dealing with pandemic stress

Globally mobile employees may be feeling more discouragement, burnout and stress during the coronavirus pandemic compared to their domestic peers. Indeed, outside of the crisis,…

Plan Sponsor Week: Using analytics to monitor non-adherence, disease states

Plan Sponsor Week: Using analytics to monitor non-adherence, disease states

Plan sponsors have to move beyond benefits plan reporting and dig into analytics to better understand medication non-adherence and the top disease states affecting their workforces. “Leveraging plan-specific…

Plan Sponsor Week: How Scotiabank is supporting staff during coronavirus

With almost 100,000 employees in 30 countries, Scotiabank’s approach to global benefits provision is more about aligning philosophy or guiding principles than it is around…

Plan Sponsor Week: Mental-health support starts with understanding barriers

While the vast majority of Canadians say the coronavirus pandemic is impacting their mental health, just 60 per cent are receiving the treatment or social support…

What tools can employers use to address employees’ sleep concerns?

Plan Sponsor Week: Sleep-specific CBT valuable add to benefits plans

Plan members living with insomnia or sleep problems could benefit from sleep-specific cognitive behavioural therapy programs accessible through their benefits plans. “One of the key…

Plan Sponsor Week: How WSP Canada turned benefits wish list into reality

Before its benefits redesign, WSP Canada Inc. had a simple but effective idea: when you hear a good idea, write it down. “On an ongoing…

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Fed: Rates to stay ultra low even after inflation picks up

The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after…

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Mohawk College Foundation joins CAAT’s DBplus

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 December 6, 2020
  • 09:17
Loyalist College janitors’ new contract includes pension, sick days

Loyalist College janitors’ new contract includes pension, sick days

Janitors working at Loyalist College in Belleville, Ont. have a new ratified contract that includes a pension plan, sick days and a wage increase. The employees,…

  • By: Staff
  • August 27, 2020 November 30, 2020
  • 09:00
Mohawk College Foundation moving group RRSPs into DB pension

Mohawk College Foundation moving group RRSPs into DB pension

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 November 30, 2020
  • 08:45
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Bank of Canada eyes effect on wealth, income distribution in review: Wilkins

The second-in-command at the Bank of Canada said Wednesday that any changes to the underpinning of its monetary policy will be judged against how they…

Mark Carney to head ESG, impact investing at Brookfield

Mark Carney to head ESG, impact investing at Brookfield

Brookfield Asset Management Inc. is appointing Mark Carney as vice-chair and head of environmental, social and governance and impact fund investing. Carney is currently the United Nations’ special envoy…

Mark Carney joins Brookfield Asset Management

Mark Carney will lead a team at Brookfield Asset Management focused on investing in positive environmental, social and governance changes, the alternative asset manager said…

Empire Life adding telemedicine to group benefits plans

The Empire Life Insurance Co. is adding telemedicine services to its group benefits plans. Beginning Sept. 1, 2020, all employees whose plan sponsors offer Empire…

  • By: Staff
  • August 26, 2020 November 23, 2020
  • 15:00
Would Quebecers benefit from a higher eligibility age for QPP?

Would Quebecers benefit from a higher eligibility age for QPP?

Quebecers are more likely to start taking benefits from the Quebec Pension Plan at age 60 than other Canadians with their Canada Pension Plan benefits, according…

  • By: Staff
  • August 26, 2020 November 30, 2020
  • 10:00