TORONTO - A downturn in long-term interest rates near the end of last year has left pension funds in a difficult position, and with low rates expected to continue, companies will likely have to dig a little deeper into their pockets to make up any deficits. After years of falling interest rates stemming from the financial crisis and subsequent recession, 2013 brought some hope for pension funds as the economy began to recover, stock markets were buoyed and long-term rates started to rise. Air Canada, for instance, reported in ... (more)
No comments:
Post a Comment