The Caisse de dépôt et placement du Québec is making several appointments in its real assets group in response to the departure of Macky Tall. He will lead the fund’s real assets and private equity business until the end of 2020 before joining The Carlyle Group Inc.’s infrastructure group in the U.S. as co-chair early next […]
The federal government is setting a temporary minimum unemployment rate of 13.1 per cent for all employment insurance economic regions across Canada. The move, which took effect Aug. 9, is meant to recognize the ongoing unpredictability of the pandemic on the country’s labour market. The regional unemployment rate is part of the calculation that determines how many […]
Unions across the country are pushing for further measures to keep their members safe, whether they stock the frozen food section in a grocery store or care for critically-ill patients in an intensive care unit. Health-care workers Unifor had strong words for an Ontario government directive that allows employers to ask long-term care workers who’ve […]
Automatically raising workplace pension contributions in tandem with the cost of living is unnecessary because Canadian retirees spend less money once they reach age 70, according to a new study. The report by the C.D. Howe Institute, which was published days before Finance Minister Bill Morneau is scheduled to meet with his provincial and territorial […]
Starting today, seniors and children in Saskatchewan will have to pay more for prescription drugs under the province’s drug program. As part of the province’s budget yesterday, the Saskatchewan government announced costs under the children’s and seniors’ drug plan would rise by $5 per prescription. The change will result in a maximum of $25 per prescription. […]
Canadian and American markets both rose on Wednesday.
The Toronto Stock Exchange's main index was showing a triple-digit gain in early trading Tuesday as markets around the world rebounded from the previous day's tumult.
Ontario has passed legislation to create the Ontario Retirement Pension Plan (ORPP).
Ontario has launched a new venture capital fund in partnership with the federal government, as well as corporate and institutional investors. Northleaf Venture Catalyst Fund will be managed by Toronto-based Northleaf Capital Partners. The fund had its first closing with a total value of more than $217 million in commitments, which could rise to $300 […]
Bell Canada is taking steps to improve the funded status of its DB plan by making a $750-million payment into it.