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.
Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
Owner Heligear Canada Acquisition blames poor management before it purchased the plant on 2012.
Plant is closing, union claims the company won’t cover a 24% deficit in the workers’ pension funding.
Union says the company’s workers are being asked to swallow a 25% pension cut.
Province guaranteesCorner Brook Pulp and Paper with a bank loan, and in return takes security interest in company’s power assets.
Each country will have only about 2-1/2 working-age people per retired person by 2046.
But Finance Department says it will help beyond 2025.
Part of a strategy to grow in specific sub-sectors in financial services.
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
Supposed to offset financial burden placed on low-income earners.
Provinces asked to finalize the agreement by July 15; Manitoba and Quebec are out.
ories say the Liberals will kill jobs and slow economic growth with their pension plan and cap-and-trade system.
OECD report says countries adjusting; average retirement age will likely rise to 65.5 y 2060
Ontario premier says she is confident the new federal government will enhance the Canada Pension Plan.