January 24, 2023
Rising interest rates helped Canadian pension plans offset market losses, pushing many into surplus for 2022.
Mercer Canada’s Pension Health Pulse Tracker reported an increase in the median solvency ratio of nearly 500 Canadian defined benefit pension plans at the end of the year.
At the end of the fourth quarter, more than three-quarters of plans tracked by Mercer were estimated to be in surplus on a solvency basis, and another 12% had ratios between 90% and 100%.
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