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Old May 27, 2015 | 9:39 pm
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tcook052
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How Air Canada turned its pension around
http://www.thestar.com/business/econ...on-around.html


Just a few years ago, Canadian companies were facing staggering pension shortfalls, well into the billions.

But thanks to better returns from both stock and bond markets, many of those deficits have shrunk or are wiped out completely.

Air Canada went from a $4.2 billion pension solvency deficit in 2012 that threatened the company’s future, raising concerns about another trip to bankruptcy court, to a $1.2 billion surplus as of this month.
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