Yes, I wanted to point out that this situation is difficult here, in Canada, and in the other advanced economies. There is indeed a problem with defined benefits. Companies need to save and invest money in pension funds. Companies cannot invest in their own businesses. Obviously, this poses a problem. There are several factors involved. There is the bank rate. The Government of Canada implemented reforms that mitigated this effect with
letters of credit in smoothing the discount rate.
There is also a positive aspect related to the easing of monetary policy in the United States. This stimulated monetary policy, such as the one here in Canada. The value of pension shares and bonds has increased.
To some extent, some aspects tend to balance the situation, but of course it remains difficult.