The market value of assets held by Canadian trusteed pension funds totalled $2.1 trillion at the end of the first quarter, according to new data from Statistics Canada.
Public sector assets amounted to $1.6 trillion, accounting for 77.5 per cent of the overall assets, while private sector assets totalled $474 billion. Revenues totalled $62.3 billion, the largest portion of which was realized gains from the sale of investments, at $32.2 billion. Expenditures totalled $30 billion, with just over half ($15.4 billion) going to pension payments.
The total market value of domestic assets was $952.3 billion in the first quarter, while foreign assets totalled $971.7 billion. The balance, which fell in the “assets of nationality unknown” category, was $179.4 billion.
While the value of these assets was assessed at $2.22 trillion in the fourth quarter of 2020, the report noted the current data is based on the results of the largest 250 trusteed pension plans, while previous reports were based on results of the largest 150 plans. The latest report also omitted data from the biennial census of trusteed pension plans.