The Caisse de dépôt et placement du Québec is increasing its exposure to fintech opportunities. The investment organization was among investors in a $71 million funding round from venture capital firm Luge Capital that was dedicated to fintech startups. The new fund, which will focus on Canadian and U.S. companies, will also include vertical fintech […]
Prime Minister Justin Trudeau has confirmed he’ll work with the provinces on creating 10 days of paid sick leave for all Canadians. “Nobody should have to choose between taking a day off work due to illness and having to pay their bills,” he said in his daily briefing on Monday. “That’s why the government will continue discussions […]
The British Columbia government says it will be deferring employer health tax payments until September 30. The measure, introduced on Monday, is for employers with a payroll over $500,000 since businesses with a payroll under this threshold are already exempt from the tax. The provincial government is also providing a tax-free $1,000 payment to people […]
Ontario and Alberta are making changes to provincial employment legislation to protect workers who are affected by the coronavirus. In Ontario, Premier Doug Ford and Minister of Labour Monte McNaughton proposed amendments to the Employment Standards Act that would provide job-protected leave to employees who are in isolation or quarantine, as well as to those […]
The Caisse de dépôt et placement du Québec’s executive vice-president of Quebec, Christian Dubé, is leaving the pension fund to run for the Coalition Avenir Quebec. The provincial political party confirmed to The Canadian Press that Dubé will run in the Montreal-area riding of La Prairie. He previously represented the Levis riding in the legislature between 2012 and […]
A new collective agreement for 6,500 health-care employees in Nova Scotia includes a new employee retention incentive and the option to take a payout from a long-service retirement allowance. The Nova Scotia Government and General Employees Union said mediator-arbitrator William Kaplan also awarded increased shift premiums for employees in the health-care bargaining unit at the Nova Scotia […]
Montreal police officers have voted in favour of a new contract that puts an end to a long-running dispute over pension reforms. The city’s police union, the Montreal Police Brotherhood, says 95.3 per cent of officers who voted approved the new agreement, which is retroactive to Jan. 1, 2015, and extends until Dec. 31, 2021. […]
Saskatchewan school boards are being told to cut benefits or wages for employees by 3.5 per cent and freeze those rates for three years. A letter sent by deputy education minister Julie MacRae to school division board chairs said the cut is in addition to restraint measures required to meet this year’s operating grants. Saskatchewan […]
Proposed changes to the pension plan for members of the Newfoundland and Labrador legislature have been deferred following objections by the opposition parties. The move followed a Liberal proposal at the end of February that suggested the province’s House of Assembly Management Commission explore moving to a defined contribution pension for members elected on or […]
The Liberal government should rethink federal parental benefits and overhaul a system that’s leaving out too many families and women, according to a new study. The study, published Wednesday by the Institute for Research on Public Policy, says the federal government should consider removing parental benefits from the employment insurance system and give it a […]