Pension funds' assets in Canada are projected to grow steadily from 2024 to 2028, starting at $1.846 trillion and reaching $2.0695 trillion. This five-year period sees consistent year-on-year increases: 3.1% from 2024 to 2025, 2.96% from 2025 to 2026, 2.84% from 2026 to 2027, and 2.73% from 2027 to 2028. This consistent upward trend suggests confidence in the continued expansion and stability of the pension sector. In 2023, total assets were slightly lower at approximately $1.8 trillion.
Future trends to monitor include:
- Impact of demographic changes on pension contributions and withdrawals.
- Economic factors influencing investment returns and fund performance.
- Government policy shifts affecting pension regulations and tax incentives.
