Canadian DB Pensions End 2018 in the Red
Tumbling equity markets in Q4 negated a strong first half.
Tumbling equity markets in Q4 negated a strong first half.
Enhancement will increase benefits and contributions for working Canadians.
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
Declining Canadian equities, weakness in energy stocks weigh down returns.
Funded ratio still rises as declining liabilities offset losses.
Pension says companies with diverse boards perform better financially.
Funded status of Canadian plans surges well above 100% in Q3.
America’s neighbor to the north has been sidelined on NAFTA talks, amid Trump-Trudeau acrimony.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Public, private equity and inflation-linked assets bolster the Canadian pension plan.
Plan now stands at $278.9 billion.
Despite positive returns, nearly all asset classes fell short of their benchmarks.
Fills year-long vacancy left by Daniel Garant’s 2017 departure.
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.