Ottawa freezing EI premiums for 3 years
OTTAWA — Finance Minister Jim Flaherty announced a three-year freeze on employment insurance (EI) premium rates at 2013 levels. The rate for 2014 will be $1.88 per $100 of insurable earnings and go no higher than that level in 2015 and 2016. “Our government is freezing EI rates and leaving $660 million in the pockets of job creators and Canadian workers in 2014 alone,” he said.
Older people taking part-time jobs: Report
TORONTO — The jobless rate among students 15 to 18 years old looking for part-time work has climbed past 20 per cent — the highest on record — as older Canadians are increasingly forced to take on part-time jobs, according to a report from CIBC World Markets. The country needs a better job mix, along with productivity growth in existing jobs, before there’s a significant increase in wages, which will free up part-time work for students, said Avery Shenfeld, chief economist at CIBC.
N.S. increasing access to parental leave
HALIFAX — Nova Scotia is planning to amend its Labour Standards Code to make it easier for people to take parental leave. With the change, someone employed for six months with an employer could qualify for pregnancy or parental leave, guaranteeing the right to return to the same job or a comparable one. Right now, employees have to be in a job for one year before their job is protected. This change would more closely align Nova Scotia’s Labour Standard Code rules with those of the federal government and is expected to be in place by 2015.