After a five-day strike, the union representing 800 employees at Magna International Inc.’s Integram Seating factory in Windsor, Ont. has ratified a collective agreement that includes multiple benefits gains. The benefits gains include: vision coverage, from $250 every two years to $400; a rise in the basic annual dental maximum, from $1,600 to $1,900; an […]
About half (51 per cent) of global institutional investors believe a recession is inevitable, a sentiment that runs strongest in the U.K. (67 per cent) and North America (62 per cent), according to Natixis Investment Managers’ 2024 outlook survey. The survey, which polled 500 institutional investors in 27 countries, also found among those expecting a […]
Indeed Inc. is cancelling its monthly paid mental-health days, according to a report by Bloomberg. The online hiring company’s ‘YOU Days’ program, which was introduced in June 2020, provided all employees with the same day off each month at a time when workers were taking fewer vacation days because of travel restrictions. Read: Survey finds […]
The Ontario Teachers’ Pension Plan is appointing Pierre Cherki as executive managing director if its new in-house real estate asset group, effective Jan. 22, 2024. In the new role, he’ll oversee global real estate investing and portfolio management activities. Since 2022, Cherki has been a member of the board of directors for Cadillac Fairview, the Ontario Teachers’ real estate arm. […]
More than half (58 per cent) of global insurers say they anticipate higher health benefits costs over the next three years, with the average global cost trend projected to increase by 9.9 per cent in 2024, according to a new survey by WTW. The survey, which polled more than 260 insurers representing 66 countries, found […]
The Alberta Investment Management Corp. is increasing its Australian agriculture portfolio with the acquisition of a cattle management company. The transaction will see the AIMCo and its local investment partner New Agriculture take over the Kimberley Cattle Portfolio, which includes Yougawalla Pastoral Co. and Argyle Cattle Co. Details of the transaction haven’t been disclosed. “We […]
Canadian employees who are experiencing conflict in the workplace lose an average of 55 workdays in productivity each year, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found workers who have been diagnosed with anxiety (21 per cent) and depression (14 per cent) reported a loss of 55 […]
Nearly half (47 per cent) of Canadian employees say they feel happy with their current job and responsibilities, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found that, on a scale of one to 10, workers reported an average happiness score of 6.8, up from 6.7 in […]
The Caisse de dépôt et placement du Québec is investing in an audiovisual and entertainment technology company. The investment organization acquired a minority stake in the Montreal-based Solotech to support its acquisition and organic growth strategy designed for expansion in new markets, according to a press release. “With this investment — the largest in the […]
The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The rate, which is set by the Treasury Board Secretariat in accordance with the Public Service Superannuation Act and the Supplementary Retirement Benefits Act, is a decrease from last year’s indexation […]