Benefits Canada News – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 49% of executive leaders say financial stress preventing frontline staff from doing best work: survey https://www.benefitscanada.com/benefits/health-wellness/49-of-executive-leaders-say-financial-stress-preventing-frontline-staff-from-doing-best-work-survey/ Mon, 15 Jul 2024 19:00:59 +0000 https://www.benefitscanada.com/?p=158117 Nearly half (49 per cent) of executive leaders say financial stress often or very often prevents their frontline workers from doing their best work, according to a new survey by Dayforce Inc. The survey, which polled more than 6,900 workers, managers and executives from companies with frontline workers across the globe, found 62 per cent of […]

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]]> Interest rate cut boosts returns from short-term government bonds, credit: report https://www.benefitscanada.com/canadian-investment-review/research-markets/interest-rate-cut-boosts-returns-from-short-term-government-bonds-credit-report/ Mon, 15 Jul 2024 19:00:42 +0000 https://www.benefitscanada.com/?p=158118 Returns from short-term Government of Canada bonds and credit are rising due to the easing of interest rates by the Bank of Canada last month, according to a new report from FTSE Russell. It noted while Canadian government bonds across all maturities rallied, the gains didn’t erase overall losses in the second quarter, except for […]

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]]> Ontario court rules employer not obligated to preserve past service benefits https://www.benefitscanada.com/pensions/defined-benefit-pensions/ontario-court-rules-employer-not-obligated-to-preserve-past-service-benefits/ Mon, 15 Jul 2024 13:00:30 +0000 https://www.benefitscanada.com/?p=158054 Ontario’s small claims court has ruled that an employer’s letter, which described the benefits coverage that would exist following a divestment as ‘comparable’ to prior levels of coverage, didn’t create a contractual obligation to preserve past service benefits. “The decision makes a clear distinction between an informational announcement or other general information that is not […]

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]]> CPPIB investing €550M in European digital solutions provider, Caisse buying Brazilian power transmission platform https://www.benefitscanada.com/canadian-investment-review/alts/cppib-investing-e550m-in-european-digital-solutions-provider-caisse-buying-brazilian-power-transmission-platform/ Fri, 12 Jul 2024 19:00:07 +0000 https://www.benefitscanada.com/?p=157990 The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total transaction gives team.blue a valuation of €4.8 billion. The digital solutions provider serves 3.3 million small- and medium-sized businesses across 22 countries. In a press release, Hafiz Lalani, managing director […]

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]]> Employers considering dropping dental from benefits plan should think twice: expert https://www.benefitscanada.com/benefits/health-benefits/employers-considering-dropping-dental-from-benefits-plan-should-think-twice-expert/ Fri, 12 Jul 2024 13:00:58 +0000 https://www.benefitscanada.com/?p=157994 Employers that are considering dropping dental coverage from their benefits plan following the launch of the national dental care program are advised to think twice, says Graham Young, director of employee benefits at Capcorp Financial Corp. The national plan — administered by Health Canada, with support from a third-party benefits administrator — provides dental coverage for uninsured Canadians with […]

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]]> CBSA, PSAC, CIU agreement includes pension, benefits gains https://www.benefitscanada.com/benefits/health-benefits/cbsa-psac-ciu-agreement-includes-pension-benefits-gains/ Fri, 12 Jul 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=158060 The unions representing more than 9,000 Canada Border Services Agency employees have ratified a four-year collective agreement that includes pension and benefits gains. The agreement with, the Public Service Alliance of Canada and the Customs and Immigration Union, includes a pensionable $2,500 one-time, lump-sum payment for all employees upon the date of signing. For members […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/benefits/health-benefits/top-5-hr-benefits-pension-and-investment-stories-of-the-week-90/ Fri, 12 Jul 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158072 A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

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]]> Institutional investors considering AI need responsible rulebook: report https://www.benefitscanada.com/canadian-investment-review/research-markets/institutional-investors-considering-ai-need-responsible-rulebook-report/ Thu, 11 Jul 2024 19:00:26 +0000 https://www.benefitscanada.com/?p=158036 Putting responsible artificial intelligence principles in place is essential to enhancing risk-adjusted returns and positioning businesses for success, according to a new report by the Canada Pension Plan Investment Board and the World Economic Forum. It found the use of AI can preserve and even create value for investors. However, institutional investors must find a balance between […]

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]]> 60% of working women believe menopause, reproductive health issues can affect career advancement: report https://www.benefitscanada.com/benefits/health-wellness/60-of-working-women-believe-menopause-reproductive-health-issues-can-affect-career-advancement-report/ Thu, 11 Jul 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=157992 Three-fifths (60 per cent) of working women believe health issues around menstruation, menopause and reproductive health can affect their career advancement abilities, according to a new report by Sun Life Financial Inc. It found four in 10 working women said they’ve made career-limiting decisions for health-related concerns or to care for their family and 10 […]

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]]> 70% of U.S. employers say benefits critical to attraction, retention efforts: report https://www.benefitscanada.com/benefits/health-benefits/70-of-u-s-employers-say-benefits-critical-to-attraction-retention-efforts-report/ Wed, 10 Jul 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=157955 Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six […]

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