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Canadian banks dogged by new pension rules have hope Add to ...

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New optimism for pension plans is giving Canadian banks hope, just a month after the lenders booked bigger expenses to close pension funding holes.

During the last bank earnings season in December, new accounting rules dictated that Canadian lenders had to incur bigger pension costs for the 2013 fiscal year. Many also had to restate previous years’ earnings to reflect bigger backdated expenses.

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