Home construction drops, union wages lag and the stingy CPP death benefit: Must-read business and investing stories

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, as the government and the Public Service Alliance of Canada – the union representing the workers – try to hash out a deal for a new collective agreement, Vanmala Subramaniam and Bill Curry report. Around 47,000 deemed essential workers are not obligated to participate in the strike and will be paid as usual.

said that when a strike extends beyond five consecutive days, pay processing must involve a manual effort by compensation advisers, and some employees “will only see the salary effects of them being on strike in future pay periods.”Unions have been scoring the highest wage increases they’ve seen in more than a decade, but it’s not enough to keep pace with soaring. The average annual pay increase in 10 major public- and private-sector union settlements signed between December and February was 3.

 

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