Canadian corporate retirement funds are low on money and, like their American cousins, may have to draw on corporate cash flows to pay pensions, the Bank of Canada said on Wednesday. The central bank study cited reports suggesting more than 100 top firms face an overall pension shortfall of about C$19 billion ($14 billion) but could not vouch for their accuracy. Canada’s federal regulator, the Office of the Superintendent of Financial Institutions, now has about 75 corporate pension plans on its watch list, up from 50 late last year, according to Reuters
Bank Of Canada Puts Pension Liabilities Of Top 100 Canadian Companies At C$19 Billion
Canadian corporate retirement funds are low on money and, like their American cousins, may have to draw on corporate cash flows to pay pensions, the Bank of Canada said on Wednesday. The central bank study cited reports suggesting more than
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