Canada Pension Plan Investment Board says its main fund grew to $366.6 billion at the end of June, up $10.5 billion from March.
Could reduce domestic investment up to $114 billion from 2019 to 2030.
Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
Each country will have only about 2-1/2 working-age people per retired person by 2046.
Trudeau government to introduce legislation n the House of Commons “shortly.”
As stubbornly low interest rates persist, BoC governor thinks it’s time for Canadians to revisit their retirement plans.
But Finance Department says it will help beyond 2025.
Part of a strategy to grow in specific sub-sectors in financial services.
CFIB says 70% oppose the plan if it affects their wages.
Auditor General finds ad to be self-congratulatory; aimed at crediting government for the pension initiative.
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
Survey respondents (20%) say money from downsizing or selling property will help pay for retirement.
ADP survey reveals competitive compensation is more than salary and health benefits.
Three-quarters of survey respondents say there are better ways to encourage Canadians to save for retirement.
Warns expansion will cost jobs, dampen wage growth and discourage investment.