20:46:32 EDT Sat 18 May 2024
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Telus Corp (2)
Symbol T
Shares Issued 1,454,446,276
Close 2023-10-25 C$ 22.28
Market Cap C$ 32,405,063,029
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Globe says Telus's CPP report sparks provincial talks

2023-10-26 07:32 ET - In the News

The Globe and Mail reports in its Thursday edition that Finance Minister Chrystia Freeland said she will meet with her provincial and territorial counterparts to discuss the future of the Canadian Pension Plan, as Alberta considers pulling out of the CPP while asserting that the province would be entitled to more than half the plan's assets. The Globe's Laura Stone quotes Ms. Freeland saying Wednesday that she and Nova Scotia Finance Minister Allan MacMaster, whose province is currently chair of the Council of the Federation, agreed to hold a special meeting of finance ministers. She made the announcement hours after Ontario Finance Minister Peter Bethlenfalvy called for such a meeting while warning that Alberta's proposal to leave the CPP and start its own plan risks "serious harm" for retirees across the country. The Canada Pension Plan Investment Board has disputed Alberta's contention that it would be entitled to withdraw as much as $334-billion from the CPP by 2027 -- or more than half the plan's $575-billion in assets. Ms. Freeland said her government believes the figures in a contentious Alberta report drawn up by Telus's LifeWorks are wrong, but acknowledged that any province or territory can withdraw from CPP.

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