Toronto’s public transit provider says it has dismissed 73 people in connection with what it describes as a multimillion-dollar benefits fraud scheme. The Toronto Transit Commission says the dismissals are directly related to a criminal investigation that got underway in 2015. That July, police charged the owner of health products and services provider Healthy Fit […]
The former head of one of the country’s largest pension funds is being tapped to help build the new federal infrastructure bank. The Liberals are naming Jim Leech as a special adviser to help design the proposed arm’s-length lending machine that could leverage billions in public money to turn it into new highways, bridges and […]
Government flat out declines Liberals' economic advisory council suggested age raise.
Saskatchewan’s finance minister Kevin Doherty says letters have been sent to all government employers and unions asking them to find ways to save money. Savings could be found by reducing salaries, or having employees take unpaid days off, layoffs or even increasing taxes, says Doherty. NDP interim Leader Trent Wotherspoon says all of those options […]
Finance Minister Bill Morneau suggests the upcoming federal budget will have the room to deal with whatever economic climate may ensue as the Donald Trump administration takes over in the U.S. Morneau met with a dozen private sector economists in Toronto Friday, but provided no details when asked about how Trump’s election win has impacted the budget […]
A settlement has been reached to end a lengthy battle over divvying up the US$7.3 billion raised in Nortel Networks Corp.’s bankruptcy liquidation. The decision could bring some certainty for about 20,000 Nortel pensioners in Canada who have seen their benefits dramatically reduced since the bankruptcy filing in 2009. The former Canadian technology giant filed […]
The union representing workers at the Canadian operations of the major American automakers has received a strike mandate from its members as it prepares to negotiate contracts. Unifor says its members at General Motors, Ford Motor Company and Fiat Chrysler Automobile voted overwhelmingly in favour of strike action to back contract demands. Unifor President Jerry […]
The Canada Pension Investment Board and Wolf Midstream Inc. have signed an agreement to acquire a 50 per cent ownership of a pipeline in northeastern Alberta for $1.4 billion. Wolf will make the purchase from Devon Energy Corp. with $825 million provided by CPPIB. The Access pipeline transports blended bitumen and diluent between the Christina […]
Pension fund Caisse de dépôt et placement du Québec will have a response to its funding request for the Montreal electric light-rail project within a reasonable time frame, federal Finance Minister Bill Morneau said Thursday. He also said the second phase of the federal infrastructure program will be launched within the next six months. “We […]
New Brunswick’s two largest public sector pension plans are joining forces. The trustee boards of the Public Service Shared Risk Plan, which covers most employees in the provincial civil service, and the New Brunswick Teachers’ Pension Plan are partnering to create the Vestcor Corporation. Read: There’s more to New Brunswick’s shared-risk plan story The independent organization […]