Canadian pension deficit soars to C$190bn

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CANADA - Canada's pension fund deficit rose to C$190bn (US159bn) by end 2004, up from $160bn the year before, a report by the Certified General Accountants Association of Canada (CGA) has found.

On the defined benefit side, 59% of Canadian pension plans were in deficitat December 31, 2004. According to the report, that figure would rise to 96% if you provided for indexation of benefits. ...

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