New StatsCan research finds that having a pension plan has a “positive but modest effect on TFSA performance”
Less than 30% of Canadian pension plans were fully funded at the end of the year, down from 60% at the end of September, according to Mercer Canada
An increase in pension contributions and strong foreign equity markets drove pension wealth growth
The market value of assets grew 7% over Q2 2017
A combination of factors is responsible for the improvement
Interest rate hikes and free trade negotiations weighed on Canadian indices
Leader in pensions governance and investment consulting fits with Hubs’s growth strategy
The number of taxfilers contributing to an RRSP has also fallen
A late surge in long-term interest rates and increased strength in U.S. and international equity markets boosts pension health to an 18-year high
Although financial markets have stabilized, volatility will likely continue