The Caisse de dépôt et placement du Québec is making a number of personnel changes as part of its response to the economic challenges. “At the beginning of the year, it was clear that the challenges of the next decade would be very different from the last decade’s challenges,” said Charles Emond, president and chief […]
Goldman Sachs Group Inc. is supporting its U.S. staff during the coronavirus pandemic with a series of programs they can tune into remotely, from fitness classes to story time for kids. The firm scheduled the programming over two weeks, with a plan to update it on a rolling basis. To help employees connect, Goldman is offering […]
The majority of Canadian employers are aware of workers who can’t conform to their normal schedule because of family responsibilities while working from home during the coronavirus pandemic. According to a survey by the Conference Board of Canada, 86 per cent of employers are aware they have employees in these situations. Three-quarters (76 per cent) of these employers […]
The federal government is expanding the Canada Emergency Response Benefit to include workers whose monthly income has been reduced to $1,000 or less, in response to concerns from gig economy workers who didn’t qualify for the original version of the benefit. The benefit will also now apply to seasonal workers who won’t have work because […]
A new report by the C.D. Howe Institute is urging the federal government to suspend taxes on registered retirement savings plan withdrawals during the coronavirus pandemic. The report said the current financial assistance measures are an excellent start, but may still leave certain individuals and households with immediate cash-flow problems. Indeed, even for those to whom government assistance […]
The vast majority (86 per cent) of Canadians feel safe in their workplaces right now, according to a new survey. The survey, conducted by Angus Reid on behalf of ADP Canada, found 75 per cent of frontline workers and 97 per cent of those working remotely said they feel safe at work. Men (79 per […]
Private drug plans saw a slight uptick in costs in 2019 due to the increased use of specialty drugs and higher price points for traditional medications, according to Express Scripts Canada’s annual drug trends report. The report found private drug plan spending per claimant increased one per cent over 2018’s figures. Plans’ annual spend per claimant on […]
Several weeks into the coronavirus pandemic, the U.S. has seen a 415 per cent increase in the percentage of employees working remotely or part time, according to a new survey by WorldatWork. The survey, which polled more than 1,500 total rewards and human resources professionals in the U.S., also found 37 per cent of organizations are providing […]
The Alberta Investment Management Corp. delivered a 10.6 per cent return in 2019, net of all fees, representing a net investment income of about $11.5 billion and bringing the fund’s total assets under management to $118.8 billion. While the results were positive, and well above the organization’s 2.5 per cent return in 2018, its total […]
The federal government will now only require employers to demonstrate a 15 per cent drop in revenue during the month of March due to the coronavirus to be able to access the new 75 per cent emergency wage subsidy. For all subsequent months that the Canada Emergency Wage Subsidy is available, employers will be required to show a revenue drop […]