POLITICS

Employer-sponsored pension funds grew 4.1 per cent in Q1: StatsCan

09/12/2012 09:28 EDT | Updated 11/12/2012 05:12 EST
OTTAWA - Statistics Canada says the market value of employer-sponsored, trusteed pension funds was $1.1 trillion at the end of the first quarter, up 4.1 per cent from the previous quarter.

The agency says that's the largest gain since the fourth quarter of 2010.

The report says pension fund investments in stocks rose nine per cent to $369.1 billion.

Investments in bonds edged down 0.3 per cent to $423.6 billion.

Pension fund revenues increased 26.7 per cent to $37 billion in the quarter, on significant gains from the sale of securities.

Just over six million Canadians are members of employer pension plans, with the vast majority members of trusteed plans.