'They have concerns': CPP public town hall a hot ticket in Calgary
The hottest ticket in town Tuesday night wasn’t the Flames or a Top 40 concert – instead, a public town hall hosted by the Canada Pension Plan (CPP) investment board took the top spot.
The BMO Centre hosted the event, which needed to be moved to a larger venue thanks to increased interest.
The board hosts public meetings across Canada every two years to update people on the fund’s performance, governance and investment approach.
The last time it was in the city, 10 Calgarians attended.
This year, up to 1,000 were expected.
The pension plan has been a hot topic in Alberta over the past year after the provincial government released a commissioned report exploring the possibility of an Alberta Pension Plan (APP).
According to the report, if Alberta gave the required three-year notice to quit the CPP, it would be entitled to $334 billion, or about 53 per cent of the fund by 2027.
Critics called that a large overestimation.
Calgarians seem intent on seeking out the truth.
“They want a better sense of what is the CPP, what are its advantages and how might that compare to whatever Alberta is thinking about,” Mount Royal University political scientist Lori Williams said. “They have concerns that only the (CPP board) can address.”
Premier Danielle Smith has said she will not call a referendum on the topic until the Office of the Chief Actuary releases an updated number.
More information on the public meetings can be found on the CPP Investments’ website.
The board will be in Edmonton on Wednesday.
CTVNews.ca Top Stories
Three dead, two hospitalized, following collision in Fredericton: police
Three people have died and two have been hospitalized after a speeding car struck a tree and landed on another vehicle in Fredericton Sunday morning.
Amid climate change warnings, Canadians lukewarm on electric vehicles
Amid scientists' warnings that nations need to transition away from fossil fuels to limit climate change, Canadians are still lukewarm on electric vehicles, according to a study conducted by Nanos Research for CTV News.
Montreal man on the hook for thousands of dollars after a feature on his Tesla caused an accident
A Montreal man is warning Tesla drivers about using the Smart Summon feature after his vehicle hit another in a parking lot.
Madonna's biggest-ever concert transforms Rio's Copacabana beach into a massive dance floor
Madonna put on a free concert on Copacabana beach Saturday night, turning Rio de Janeiro's vast stretch of sand into an enormous dance floor teeming with a multitude of her fans.
1 person killed and 23 injured in a bus crash in northern Maryland, police say
One person was killed and 23 others were injured when a bus crashed early Sunday on Interstate 95 in northern Maryland, police said.
El Nino weakening doesn't mean cooler temperatures this summer, forecasters say
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
‘Love has no boundaries’: Sask. couple in their 90s and 80s get married
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
Video shows gaggle of geese stopping traffic on Highway 1 near Vancouver
A mother goose and her goslings caused a bit of a traffic jam on a busy stretch of the Trans-Canada Highway near Vancouver Saturday.
Chemical spill could be cause of stinky water in Puslinch, Ont., new report says
People living in Puslinch, Ont. may have the answer to why their water smelled so bad last year.