BMO – Benefits Canada.com

RBC employees returning to in-office working to foster creativity, collaboration

lbailey — Wed, 24 Aug 2022 13:00:23 +0000

The Royal Bank of Canada is asking employees to return to in-office working to foster more in-person collaboration and creativity, reports Bloomberg. The bank’s hybrid arrangements will involve working in person two to three days a week for most office jobs, according to an email from Rafael Ruffolo, a spokesperson for the bank, who noted these practices are already in […]

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BMO training program highlighting importance of allyship for LGBTQ2S+ employees

lbailey — Wed, 30 Jun 2021 13:00:40 +0000

The Bank of Montreal is empowering employees to become allies for their co-workers in the LGBTQ2S+ community. As part of its Zero Barriers to Inclusion 2025 strategy, released in September 2020, BMO launched its Road to Allyship training program to help employees on their own journey to allyship during Pride Month this June. The program […]

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Bank of Canada warns of uneven recovery despite better than expected bounce back

mschmit — Wed, 09 Sep 2020 08:42:54 +0000

The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the coronavirus crisis, pointing to worrying trends that signal all is still not well. In a statement, the central bank’s governing council said the bounce-back activity in the third quarter looks to be faster than it anticipated […]

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Canadian economy posted record drop in second quarter due to pandemic

mschmit — Mon, 31 Aug 2020 04:13:04 +0000

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 starting to recover in May and June. Statistics Canada said Friday real gross domestic product contracted at an annualized rate of 38.7 per cent for the quarter, the worst posting […]

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June inflation rate turns positive amid early stages of economic reopening

mschmit — Fri, 24 Jul 2020 03:41:53 +0000

The country’s inflation barometer turned positive last month after two months of deflation as the consumer price index increased by 0.7 per cent in June compared to a year earlier, Statistics Canada reported Wednesday. The consumer price index had registered two months of negative readings leading up to June, first with 0.2 per cent annualized […]

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Statistics Canada says first quarter GDP worst showing since 2009

mschmit — Mon, 01 Jun 2020 04:48:59 +0000

Canada’s economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to the novel coronavirus, Statistics Canada said Friday, warning an even steeper drop may be coming. Gross domestic product fell at an annualized rate of 8.2 per cent in the first quarter, including a 7.2-per-cent drop in March […]

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