CPP Fund grows to $366.6B, performance remains on track
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.
CPP reform could lift plan’s assets above $15 trillion by 2090
Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
UPDATE: Unifor takes over Northstar Aerospace to protest pension shortfalls
Owner Heligear Canada Acquisition blames poor management before it purchased the plant on 2012.
Unifor halts production at Milton Northstar plant over pension shortfall
Plant is closing, union claims the company won’t cover a 24% deficit in the workers’ pension funding.
Northstar Aerospace must safeguard pension plan, union says
Union says the company’s workers are being asked to swallow a 25% pension cut.
NL reaches deal with pulp and paper company to secure pension
Province guaranteesCorner Brook Pulp and Paper with a bank loan, and in return takes security interest in company’s power assets.
China, Canada face similar pension challenges: CEO of CPP
Each country will have only about 2-1/2 working-age people per retired person by 2046.
CPP reform to sting economy, jobs over short term
But Finance Department says it will help beyond 2025.
CPP Investment Board buys Ascot Underwriting for $1.1B
Part of a strategy to grow in specific sub-sectors in financial services.
CPP enhancement deal delayed as BC asks for more time
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
CPP boost to cost taxpayers $250M annually
Supposed to offset financial burden placed on low-income earners.
Ottawa, provinces quickly agree to Canada Pension Plan reform
Provinces asked to finalize the agreement by July 15; Manitoba and Quebec are out.
Opposition ready to pounce as Ont. legislature resumes
ories say the Liberals will kill jobs and slow economic growth with their pension plan and cap-and-trade system.
Pension systems still suffer financial crash damage: OECD
OECD report says countries adjusting; average retirement age will likely rise to 65.5 y 2060
Wynne optimistic Trudeau Liberals will work with provinces
Ontario premier says she is confident the new federal government will enhance the Canada Pension Plan.