borrowing – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Super-priority pension bill may hasten DB plan closures: expert https://www.benefitscanada.com/pensions/governance-law/super-priority-pension-bill-may-hasten-db-plan-closures-expert/ Thu, 15 Dec 2022 18:15:19 +0000 https://www.benefitscanada.com/?p=131477 A bill currently under consideration by Canada’s senate could hasten the closure of open defined benefit plans, according to Gavin Benjamin, a partner in LifeWorks Inc.’s pension and benefits solutions business. “In our view, this is a potential outcome, particularly with respect to companies for whom the ability to borrow is affected by the bill,” […]

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]]> A closer look at the feds’ proposed borrowing flexibility rule for DB pensions https://www.benefitscanada.com/canadian-investment-review/db-investments/a-closer-look-at-the-feds-proposed-borrowing-flexibility-rule-for-db-pensions/ Thu, 14 Apr 2022 13:01:03 +0000 https://www.benefitscanada.com/?p=119528 Last week’s federal budget proposed more borrowing flexibility for registered defined benefit plans. The proposal would replace the historical 90-day term limit on short-term borrowing with restrictions based on plan assets: additional borrowed money can’t exceed the lesser of 20 per cent of the plan’s assets and the amount by which 125 per cent of […]

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]]> What does Fitch’s downgrade of Canada mean for institutional investors? https://www.benefitscanada.com/canadian-investment-review/research-markets/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/ https://www.benefitscanada.com/canadian-investment-review/research-markets/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/#respond Mon, 29 Jun 2020 10:02:44 +0000 https://cumulus.benefitscanada.com/uncategorized/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/ Since 2004, Canada has held a AAA rating from all major ratings agencies, but on June 24, it suffered a blow when Fitch Ratings Inc. downgraded the country to AA+. “The rating downgrade reflects the deterioration of Canada’s public finances in 2020 resulting from the coronavirus pandemic,” said the Fitch in a rating action commentary […]

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