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January 26, 2022

LIFE EXPECTANCY DECLINED IN 2020

The COVID-19 pandemic has had an appreciable impact on the lives of Canadians, says Statistics Canada. It says there were 307,205 deaths in Canada in 2020, the year in which the COVID-19 pandemic began, an increase of 21,935 (+7.7 per cent) over the 285,270 deaths observed in 2019. While some year-to-year increase in the number of deaths is expected due to the growth and aging of the population, the pandemic has had a significant impact on mortality in Canada, contributing to the largest annual decline in life expectancy since the vital statistics registration system was introduced in 1921. Life expectancy fell by more than half a year in 2020. The observed decrease (-0.6 years) is greater, given that it considers all causes of death, not only those associated with COVID-19. COVID-19 became the third leading cause of death, with the loss of 16,151 Canadian lives attributed directly to the disease in 2020. Over the course of the year, it accounted for 5.3 per cent of all deaths in Canada, behind cancer (26.4 per cent) and heart disease (17.5 per cent).

January 26, 2022

FULL WORK FLEXIBILITY BEST WORKING MODEL

Canadians believe full flexibility for all employees would work best for their team and nearly two in five (38 per cent) indicate that having the option of full flexibility – regarding days, hours, and location – for everyone would be the best working model, says the LifeWorks ‘Mental Health Index.’ This compares to 17 per cent preferring that all employees are together at the worksite and 15 per cent preferring that all employees work fully remote. Nearly one-third (29 per cent) of respondents report that the most important type of flexibility is having the ability to step away from work to attend to personal issues. The index reveals a negative mental health score among Canadians for the 21st consecutive month. The overall mental health score for December 2021 was -10.2 compared to the pre-pandemic benchmark, a slight decline from the previous month (-10 in November 2021) and equal to the October 2021 score.

January 26, 2022

BARCLAY AND STERLING MERGE

Barclay Insurance Services Inc, a British Columbia benefits consulting firm, will merge with Sterling Capital Brokers (SCB). The combined company is the largest independent employee-owned benefit consulting firm in Canada. Founded in 1990 by Eric Barclay, Barclay Insurance Services serves over 200 employee benefits, group retirement, and indiv