The contraction is the first back-to-back quarterly loss since the economy was mired in the global financial crisis
A new amendment that requires pension plans to state whether ESG factors are incorporated in their statement of principles did not attract much debate
Although Canada’s retirement pension income system ranked seventh in the world yet again, a large percentage of Canadian private-sector workers lack a pension plan
Risk-free rates of return will remain below their historical levels, report says, amid lower economic growth rates
Former plan members gain greater access to locked-in retirement accounts
Accompanying weakness in the Canadian dollar relative to the U.S. dollar and the euro pushed down the declines further
Profits from the sale of securities rise 14.9%
The drop of 1.6% in the most recent quarter represents the largest decline since Q3 2011, when these plans dropped by 5.5%
However, the pension coverage rate declined as the national population grew
Higher bond yields increase solvency funded ratio for Q2, but volatility and new risks weigh on outlook