When the stimulus stops: Economic danger points to watch for when the punchbowl is pulled away seaforthhuronexpositor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seaforthhuronexpositor.com Daily Mail and Mail on Sunday newspapers.
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The chief executive of one of Canada’s biggest pension funds is sounding a note of caution about the risk of policymakers removing economic stimulus too soon, noting that the growth needed to justify the withdrawal of COVID-19-related aid has not yet materialized.
“My central view is that we are in a reflationary trade,” Peter Lindley, president and CEO of the Toronto-based OPSEU Pension Plan Trust Fund (OPTrust), told the Financial Post in an interview Tuesday. “I think we are going to be entering a period of good stimulus, modest inflation, which will be positive for the economy, positive for the equity and other growth-type assets.”
OPTrust Remains Fully Funded for 12th Consecutive Year
TORONTO, March 9, 2021 /PRNewswire/ OPTrust today released its 2020 Funded Status Report,
Taking Care, which details the Plan s financial results and fully funded status. In 2020, OPTrust achieved an investment return of 8.9 per cent and lowered its discount rate. Membership in OPTrust Select, the defined benefit offering for Ontario s nonprofit, charitable and broader public sectors, continues to grow. This ensures more frontline workers and essential service providers will have access to a secure, predictable retirement. Every day, the team at OPTrust takes care of members and their financial future in retirement, just as our members have cared for many Ontarians in their roles as public servants and nonprofit workers, said Peter Lindley, President and CEO of OPTrust. These workers fulfill some of the most essential services in our communities and the OPTrust team is focused on their well-being in retirement.