An evaluation of a federal benefit to help parents take time off work to care for critically ill children says fewer people have used it than expected because they didn’t know about it or didn’t understand how it worked. Annual applications for the benefit, delivered through the employment insurance system, have been well below the […]
The Canada Pension Plan Investment Board is facing pressure to divest from companies allegedly tied to human rights abuses in China. “I have constituents of mine who’ve come to see me over the past few weeks because they have family members who have been interned,” said Conservative MP Tom Kmiec at the House of Commons finance […]
Morningstar Inc. has signed a deal to buy Canadian debt-rating agency DBRS for US$669 million. The U.S. company says the combination of DBRS with Morningstar Credit Ratings’ U.S. business will expand its global asset class coverage. Morningstar says DBRS, formerly known as the Dominion Bond Rating Service, will continue to be led by its existing […]
SNC-Lavalin Group Inc. has cancelled the sale of part of its stake in 407 International Inc. to the Ontario Municipal Employees Retirement System pension plan but will sell the stake to one or both of the other owners of the Ontario toll highway. The Montreal-based company said Friday the Canada Pension Plan Investment Board, which already owns […]
Brand-name drug companies could put off introducing new medicine in Canada and scale back research here if the country makes a major shift to cheaper generic alternatives under a national pharmacare plan, according to an internal federal analysis. The concerns were included last year in a briefing document for federal Finance Minister Bill Morneau that […]
An internal government survey of people who used federal sickness benefits has found that nearly half were unable to work for longer than the 15 weeks the benefits last. The newly released documents detailing the results from a survey of people who did — and did not — claim employment insurance sickness benefits showed that of those […]
The union representing Canadian National Railway mechanics, electricians and apprentices in Canada says workers have ratified a new collective agreement that will provide improvements to extended health-care and dental benefits. Unifor says the deal for 2,100 employees with Local 100 represents a breakthrough in improvements to benefits at the country’s largest railway. It says improvements were […]
A Cape Breton call centre that abruptly shut down last month, tossing hundreds of people out of work, has hired back more than 90 per cent of its workforce, offering enhanced benefits and increasing entry-level wages. The Sydney Call Centre Inc.’s owner Anthony Marlowe said about 480 workers have returned to the operation after being […]
Shoppers Drug Mart’s e-commerce platform for medical cannabis launched Tuesday, a month after Health Canada licensed the company to sell the product online. Product information is available nationally, but Shoppers Drug Mart can initially only sell medical cannabis to patients in Ontario. Patients will be required to take a medical document similar to a prescription […]
Veterans Affairs is being accused of avoiding consultations with veterans after introducing details of its Pensions for Life program. The new pension plan, taking effect April 2019, will save the government money in the short term, and reduce the compensation awarded to many disabled soldiers. During the first four years of the plan, Ottawa will pay […]