Mr. Ross Dunlop at the Finance Committee

On October 19th, 2022. See this statement in context.

October 19th, 2022 / 6:10 p.m.

Executive Vice-President, Ellement Consulting Group, Association of Canadian Pension Management

I'll go first.

I don't know what, specifically, the numbers will be. I can tell you that when I interact with clients, they're concerned.

Now, DB in the private sector has gone from 20% down to 9% over the last 20 years. Businesses are concerned about the availability of credit and the increased cost of credit. It's going to be some number. I would say you're going to see some companies wind up—

See context to find out what was said next.