Federal Health Minister Jean-Yves Duclos has put a six-month pause on new regulations designed to lower the cost of patented medicines in Canada. Health Canada first announced in 2019 that the Patented Medicine Prices Review Board would change how it sets a price cap on medicines in Canada in an effort to lower excessively expensive […]
Wall Street stocks are rising after three days of losses brought on by worries over the spread of the omicron variant and lingering concerns about rising inflation. On Tuesday, the S&P 500 index rose 1.5 per cent as of 1:10 p.m. Eastern. The Nasdaq rose 1.7 per cent. Both indexes were boosted by solid gains […]
The Senate gave quick approval Thursday to a new round of coronavirus pandemic aid after federal Finance Minister Chrystia Freeland made a pre-holiday plea to rubber-stamp the help and promised that benefits would flow quickly to employers and employees in need. Bill C-2 would provide targeted aid to businesses that are ordered closed and to […]
The government is open to amending legislation that would provide 10 days of paid sick leave for federally regulated workers. Federal Labour Minister Seamus O’Regan acknowledged that at least two provisions in the legislation, Bill C-3, could undermine the objective, which is to ensure ill workers don’t have to choose between going to work sick or staying home without […]
About 2,000 workers at the Cargill Inc. beef plant in High River, Alta., are calling off a strike after reaching a deal this weekend that includes a six-year collective agreement featuring retroactive pay, signing bonuses, a 21 per cent wage increase over the life of the contract and improved health benefits. The deal also gives employees […]
The majority (84 per cent) of Canadian workers have felt burned out amid the coronavirus pandemic, causing at least 20 per cent to seek new jobs, according to a new survey by human resources software company Ceridian. The figures were extrapolated from a survey of 6,898 people working at companies with at least 100 employees […]
The Ontario Teachers’ Pension Plan is signing a deal with a subsidiary of NextEra Energy Inc. to buy a 50 per cent stake in a portfolio of 13 wind, solar and energy storage assets in the U.S. for US$849 million. The pension fund also committed to buying at least a 25 per cent interest in a $824-million convertible […]
The federal government is outlining its latest aid package for an economy recovering from the coronavirus pandemic, proposing targeted support to severely affected businesses, locked-down workers and extra weeks of benefits that expired just days ago. The legislation, introduced Wednesday in the House of Commons, is one of four bills the government wants members of […]
Many companies used to boast about their modern offices with gyms, fully-stocked kitchens and even bowling alleys. But when the coronavirus pandemic hit, sharing a meal or treadmill with a colleague became a lot less attractive to workers, who could suddenly work from anywhere and thus, for anyone. The shift toward remote work means competition […]
A range of employers across Canada are starting to deal with some worker shortages as a result of a small percentage of employees not meeting deadlines for getting vaccinated against the coronavirus. Air Canada suspended more than 800 employees for not being fully vaccinated against the coronavirus, in line with federal rules. The vast majority of the airline’s […]