A look at the defined benefit assets of the largest Canadian corporations.
Assets, funding levels rise: Aggregate DB assets of companies in the S&P/TSX 60 grew 12.3% in 2013. Funding ratios improved more than 11 percentage points because of strong equity returns and a rising discount rate.
Discount relief: The average discount rate rose 52 basis points to 4.71% at the end of 2013, below the average of 4.82% for P&I's top 100 U.S. corporate plans.
Allocations: During the past five years, equity allocations have decreased by almost four percentage points, while fixed-income and alternatives allocations have risen.
Sources: Company filings
Compiled and designed by Timothy Pollard and Gregg A. Runburg