Sectoral balance sheet

• December 10, 1995

  Developments in trusteed pension funds

  Bank of Canada Review - Winter 1995-1996 Jacobo De Leon

  Trusteed pension funds are one of the most important sources of retirement income for Canadians. They have also been one of the fastest-growing sectors of the Canadian financial market. Trusteed pension funds play an important role in capital markets, channelling billions of dollars of their members' contributions into investments in financial and real assets. This article presents an overview of the trusteed pension funds sector. It provides a context for this overview by briefly presenting other sources of retirement income in Canada. It then examines the sources of the sector's rapid growth, including regulatory developments that have affected it, namely the increase in allowable foreign content and the adoption of the prudent person rule. Finally, it looks at the evolution of the sector's asset mix and how the sector interacts with capital markets.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Sectoral balance sheet

• L'endettement du secteur privé au Canada: un examen macroéconomique

  Staff Working Paper 1994-7 Jean-François Fillion

  In this study, the author examines the hypothesis of private-sector debt overhang, which suggests that households and businesses may on occasion find themselves holding too much debt and so decide to reduce it by cutting back expenditures. His aim is to determine whether this hypothesis can help explain the weakness of credit growth and the sluggishness of the recent economic recovery in Canada.

  Content Type(s): Staff research, Staff working papers Topic(s): Sectoral balance sheet