From 1966 to 1986, it was 3.6%. After that there was a gradual increase which reached 5.6% in 1996. There was a significant increase from 1996 to 2003. It went from 5.6% to 9.9%.
On November 3rd, 2009. See this statement in context.
On November 3rd, 2009. See this statement in context.
November 3rd, 2009 / 4:45 p.m.
Chief Actuary, Office of the Chief Actuary, Office of the Superintendent of Financial Institutions Canada
From 1966 to 1986, it was 3.6%. After that there was a gradual increase which reached 5.6% in 1996. There was a significant increase from 1996 to 2003. It went from 5.6% to 9.9%.
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