The Caisse de dépôt et placement du Québec is investing in a Canadian mortgage broker. The investment in M3 Financial Group will allow the organization to continue its strategic growth plan around acquisitions and help expand its digital footprint, according to a press release, which noted the mortgage broker most recently acquired Pinch Financial, a technology […]
A consortium of investment managers, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, are reaching an agreement to create a global communications organization. The shareholder group of Inmarsat, a British satellite telecommunications company — which also comprises private equity firm Warburg Pincus and funds advised by Apax Partners LLP — […]
The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada, according to a press release from the Canada Revenue Agency. Contributors who earn more than $64,900 in 2022 […]
With the coronavirus pandemic exposing gaps in sickness and caregiving leave provisions across Canada, the Institute for Research on Public Policy is calling for permanent reforms to provide access to short-term paid and protected leaves for all employees. In the study, co-authors Eric Tucker, a professor at Osgoode Hall Law School, and Leah Vosko, a […]
The majority (68 per cent) of Canadian employees working at their job sites said they feel a greater sense of belonging and acceptance at work than those who work from home or in a hybrid workplace, according to LifeWorks Inc.’s latest mental-health index. The index found isolation scores among those working exclusively from home are […]
Canada’s defined benefit plans are allocating more to alternative investments as a result of a two-decade period of low inflation, according to a new study from the Bank of Canada. It found sustained decreases in interest rates from 1998 to 2018 have threatened to erode private DB plan solvency surpluses. According to the authors — Bank […]
The vast majority (94 per cent) of employers said they expect an increase in medical services in 2022 due to delayed care during the coronavirus pandemic, according to a new survey by Business Group on Health. The survey, which polled 136 large employers that cover more than eight million plan members, asked about changes they […]
Canada’s consumer price index rose by more than half a per cent in July, reaching 3.7 per cent on a year-over-year basis, according to Statistics Canada. Canadians saw the cost of shelter rise faster than any other spending category outside of gasoline, with real estate prices rising 13.4 per cent year-over-year. Inflation hit new home […]
The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all registered retirement plans. In its 2022 federal budget submission, the CLHIA said VPLAs, as enacted, will only be available to members of very large defined contribution pension plans, excluding Canadians […]
Bumble Inc. is introducing paid leave and a biannual company-wide week off for its global employees. The dating app, which has offices in Russia, Spain, the U.K. and the U.S., is rolling out the paid leave to ensure employees are caring for themselves outside of work, according to a statement. It includes: a minimum of […]