That’s because managers of DB plans have spent the past several years working to offset the impact of low rates, which require higher up-front contributions to meet long-term obligations and avoid deficits.
They estimate that if long-term bond yields stay at current levels, there could be an aggregate surplus of $29 billion by the end of this year for a basket of companies in the S&P/TSX 60 with defined-benefit plans, plus Air Canada and Bombardier Inc., which have DB plans but are no longer in that index.Article content
“Based on our calculations, the increase in long-term bond yields thus far in 2022 will result in material pension surpluses, which should enable companies to significantly reduce cash contributions to DB pension plans over the next two years and take contribution holidays,” the analysts wrote in a recent report.
BatPost Poll: Should 🇨🇦 ban “interest”? ⚠️ God has declared it is forbidden🏷
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Worried as stocks nosedive around you? Buy Canada, a winner in the 'New Energy World Order'Posthaste: Worried as stocks nosedive around you? Buy Canada, a winner in the New Energy World Order, says BofA Time for the class war to restart as a two sided affair rather than as a one sided sabotage Living wages pegged to productivity, dignity at work and social mobility. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy.
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: Worried as stocks nosedive around you? Buy Canada, a winner in the 'New Energy World Order'Worried as stocks nosedive around you? Buy Canada, a winner in the 'New Energy World Order' — via financialpost Canada stocks financialpost Not with Turdeau at the helm. We're winning at scaring away foreign investment and impoverishing our younger generation financialpost yes consumers, remember that your only focus as consumers and voters should be alberta oil. This is yet another entry into Postmedias albert oil propaganda campaign.
Source: nationalpost - 🏆 10. / 80 Read more »
Market bets on another jumbo interest rate hike in JuneICYMI: Market bets on another jumbo interest rate hike in June — via financialpost Economy interestrate inflation
Source: VancouverSun - 🏆 49. / 61 Read more »
Market bets on another jumbo interest rate hike in JuneICYMI: Market bets on another jumbo interest rate hike in June — via financialpost Economy interestrate inflation financialpost So world wide lockdowns where even stupider add another failure to it financialpost I doubt it!
Source: nationalpost - 🏆 10. / 80 Read more »