The total pension funds' assets in Canada are forecasted to grow from 109.13% of GDP in 2024 to 117.26% by 2028. This represents a year-on-year growth of approximately 1.88% annually between 2024 and 2028. When analyzing trends, the CAGR for these five years is around 1.83%, indicating a steady increase in the asset value relative to GDP over this period. In 2023, the value was slightly lower as the assets were 108.9% of GDP.
Future trends to watch include changing demographics, especially aging populations, which may impact pension fund inflows and outflows, influencing asset growth. Economic shifts, particularly GDP fluctuations, could also affect the relative size of these assets. Additionally, policy changes and investment performance will play vital roles in long-term asset sustainability.
