Other Brieflies this week:| MON | TUE | WED | | FRI | The S&P/TSX composite index opened above 15,000 on Friday as a rise in commodity prices helped fuel a rally. Oil hit another record high, nearing US$128 a barrel, and gold jumped back above $900 an ounce for the first time in three […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Total drug spending in Canada is estimated to have reached $26.9 billion in 2007, according to a report by the Canadian Institute for Health Information (CIHI). The report, Drug Expenditure in Canada, 1985 to 2007, says this represents an estimated annual […]
The Association of Canadian Pension Management plans to seek permission to intervene in the Kerry case because it says the issues raised in the appeal are of significant importance to occupational pension plans across the country. In January, the Supreme Court of Canada announced that it would hear an appeal in the case. A hearing […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Alpha Group, which plans to launch its alternative trading system in September to compete with the Toronto Stock Exchange, will charge the same fees to all participants regardless of the size of the dealer firm or its trading volumes. Jos Schmitt, […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Morneau Sobeco has struck a strategic alliance with Sibson Consulting, the human resource consulting division of The Segal Company, to strengthen its presence in the United States. “Through this alliance, Morneau Sobeco will be able to offer benefits and human resource […]
Morneau Sobeco Income Fund is buying substantially all of the assets of Shepell-fgi in a deal that will double the size of the company and its employee base. Total consideration for the assets is approximately $321.9 million to be paid over two years to Clairvest Group, which invested in Shepell-fgi in October 2005. “Employers face […]
Canadian workers are concerned about stress and the impact it’s having on their mental health, according to the 11th edition of The sanofi-aventis Healthcare Survey. It appears that employees are in good health as two-thirds of them say their health was excellent or very good over the past year. However, 39% acknowledge that workplace stress […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Canada’s economy is on solid ground and is well positioned to weather the current economic turbulence, according to federal Finance Minister Jim Flaherty. “It’s important to note that, although our economy is closely tied to the United States, we are not […]
Retirements have been increasing rapidly in the federal public service since the start of the millennium as the leading edge of the baby boom generation calls it quits, according to a new study. The Statistics Canada study, Federal public service retirements: Trends in the new millennium, finds that in the fiscal year ending March 2007, […]
Regulatory changes proposed in the federal budget regarding life income funds (LIFs) took effect on Thursday. “Many people, such as seniors, pensioners and individuals facing financial hardship, will now have greater freedom to move their investments and use the money when they want, for what they want,” says Finance Minister Jim Flaherty. LIFs hold investments […]