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Thousands of GM workers at Ontario plants begin strike

About 4,300 workers at General Motors of Canada Co. have gone on strike for the first time since 1996 as they demand pension improvements, higher pay and more…

GM reaches deal with Unifor autoworkers in Ontario, halting hours-long strike

General Motors of Canada Co. reached a tentative agreement with about 4,300 autoworkers in Ontario on Sept. 10, just hours after employees went on strike…

What do rising inflation, interest rates mean for pension de-risking?

After navigating the unpredictable markets of the past two decades, some defined benefit pension plan sponsors could be forgiven for wanting to seek out some certainty. But a new threat has emerged in the form of rapidly rising inflation and the possibility of rate increases after decades of persistent lows. The consumer price index increased […]

Canadian companies stepping up amid lack of paid sick-leave controversy

The Canadian Press, with files from staff As it becomes increasingly clear that workplaces are a key transmission location in the third wave of the coronavirus pandemic, some Canadian employers are offering paid sick leave to their employees in the absence of government action. Paid sick leave benefits, which allow workers to call in sick without fear of losing a day’s pay, are becoming a political issue across the country amid the coronavirus pandemic’s third wave, especially in Ontario. Ontario Premier Doug Ford’s government has frequently refused to offer sick days to essential workers, saying a program run by the federal government already exists, shooting down Opposition motions on the issue. But in a sudden change of course, Health Minister Christine Elliott said Tuesday the government was looking into the possibility of a provincial paid sick day program. Ford issued an emotional apology on Thursday for introducing restrictions that sparked furious backlas

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