Latest news in Benefits Canada Archive

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A 20-year treasury bond: Part of $2.99 trillion borrowing

The U.S. Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter, which will include issuing a 20-year…

Institutional investors in waiting game on real estate investment

Institutional investors in waiting game on real estate investment

Real estate companies, just like many other businesses, are in a bizarre holding pattern, waiting for some of the measures necessitated by the coronavirus pandemic…

CRA waiving 1% minimum employer contributions in DC pensions for 2020

CRA waiving 1% minimum employer contributions in DC pensions for 2020

The Canada Revenue Agency is waiving the one per cent minimum required employer contribution on defined contribution pension plans for the remainder of 2020. Registered…

How is coronavirus impacting Canadian LGBTQ+ workers?

How is coronavirus impacting Canadian LGBTQ+ workers?

In April, Pride at Work Canada convened nine professionals across the country to discuss the specific impacts of the coronavirus pandemic on LGBTQ+ employees. “We…

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China is on the road to recovery

China’s economy was the first to suffer the consequences of fighting the novel coronavirus and is the first on the road to recovery. If it…

League providing benefits platform trial to employers in coronavirus overload

League providing benefits platform trial to employers in coronavirus overload

League Inc. is offering a free three-month trial of its Health Benefits Experience platform in a bid to alleviate the health-care and administrative overloads that human…

  • By: Staff
  • May 5, 2020 November 12, 2020
  • 15:15
Ontario Teachers’ expanding relationship with Wellington to tackle climate risk

Ontario Teachers’ expanding relationship with Wellington to tackle climate risk

The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Ontario Teachers’ and Wellington…

  • By: Staff
  • May 5, 2020 November 12, 2020
  • 15:00

Ontario Teachers’ expanding relationship with Wellington to tackle climate risk

The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Wellington and…

  • By: Staff
  • May 5, 2020 December 6, 2020
  • 11:26
Majority of Canadian employers not changing benefits plan due to coronavirus: survey

Majority of Canadian employers not changing benefits plan due to coronavirus: survey

More than two-thirds (68 per cent) of Canadian employers said they don’t intend to make changes to their benefits plan during the coronavirus crisis, according to…

  • By: Staff
  • May 5, 2020 November 12, 2020
  • 09:00
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Interest in DBplus and OPTrust Select remains amid coronavirus crisis

The coronavirus crisis is putting new stresses on businesses as they grapple with cash flow and business continuity, but even amid such uncertainty, some employers…

BCI, CPPIB and PSP in deal to form new internet provider

BCI, CPPIB and PSP in deal to form new internet provider

Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming…

  • By: Staff
  • May 5, 2020 November 11, 2020
  • 08:45
What are the implications for pension funds coming out of coronavirus crisis?

What are the implications for pension funds coming out of coronavirus crisis?

Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation.…

  • May 5, 2020 November 12, 2020
  • 08:30
Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross and SSQ Life Insurance Co. Inc. are the latest insurers to join as sponsors of MindBeacon Group’s Stronger Minds, a free digital program…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 15:00
AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

Recent reports of significant investment losses on the part of the Alberta Investment Management Corp. are overblown, according to chief executive officer Kevin Uebelein. In recent…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 09:29
Coronavirus could reduce employer health-care costs, finds analysis

Coronavirus could reduce employer health-care costs, finds analysis

The coronavirus pandemic could reduce employer health-care costs by as much as four per cent in 2020 as medical care for non-infected patients has declined,…

  • By: Staff
  • May 4, 2020 November 12, 2020
  • 08:45
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Valuation uncertainty, not liquidity, driver behind real estate fund suspensions

During the global financial crisis, certain real estate funds were suspended because of liquidity constraints, but during the coronavirus downturn, it’s valuation uncertainty that’s causing…

Empire Life adds mental-health navigator, TeksMed launches mental well-being app

Empire Life adds mental-health navigator, TeksMed launches mental well-being app

The Empire Life Insurance Co. is including a mental-health navigator in all of its group benefits plans beginning May 1. Through the navigator, which is…

  • By: Staff
  • May 1, 2020 November 12, 2020
  • 15:15
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Morneau names Tiff Macklem new Bank of Canada governor

Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment…

Nova Scotia Teachers’ names new trustee chair

The Nova Scotia Teachers’ Pension Plan Trustee Inc. has appointed John Rogers as its new chair, effective July 1, 2020. The trusteeship manages the plan,…

  • By: Staff
  • May 1, 2020 December 6, 2020
  • 10:29
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What role will shadow banking play in the coronavirus crisis?

Since the last financial crisis in 2008-09, the shadow banking sector in Canada has been growing at a rapid pace, which can pose challenges in…

Does CEWS leave workers on parental, disability leave behind?

Does CEWS leave workers on parental, disability leave behind?

Air Canada and Air Canada Rouge employees who were on leave in the months leading up to the coronavirus shutdown appear to have fallen through…

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

More than four in 10 (41 per cent) Canadian businesses laid off staff in the wake of the coronavirus pandemic, according to a new survey…

  • By: Staff
  • May 1, 2020 November 11, 2020
  • 08:45
OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund. The transatlantic fund is…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:15
Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

The Nova Scotia Teachers’ Pension Plan Trustee Inc. has appointed John Rogers as its new chair, effective July 1, 2020. The trusteeship manages the plan,…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:00

Economists agree: No quick rebound from recession is likely

Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle…