Canada Pension Plan reports $23-billion loss in June quarter as markets churn

The Canada Pension Plan Investment Board said it lost 4.2 per cent in its most recent quarter, subtracting $23-billion from the fund’s assets.

CPPIB closed the quarter with assets of $523-billion, compared to $539-billion at the end of the previous quarter. The investment losses were offset by $7-billion in contributions from the Canada pension Plan. Gains by external portfolio managers, quantitative trading strategies and investments in energy and infrastructure contributed positively. CPPIB also recorded foreign exchange gains of $3.1-billion as the Canadian dollar weakened against the U.S. dollar.

Source: Financial Digest (financialdigest.net)

We’re giving all Government money away to immigrants coming in to our country and giving them a free ride.Instead look after our pensions first.I as a pensioner work all my life and put into the pension.Sand bagger’s and free loader’s.

And it begins

It's an unrealized loss if they didn't sell. If they did sell, then the ass that did should be fired!

Thanks JustinTrudeau

Still better than my managed retirement funds in the US of A.

As the article notes the 3 months ending in June weren't good for most investors, nor might I add was the 1st quarter. Still not a reason to go heavy on lottery tickets or follow PierrePoilievre into shawarma futures🤦‍♀️

Yes the Government can just do anything with the Citizens funds and All the losses ...whom will pay for this...? In Our retirement income etc ..us the poor Needy families..living paycheck to paycheck Monthly..

Does that mean the board won't get salary increases this year?

So much invested in losing “renewables”. CPP cdnpoli

Quick reminder. CPP CFIB cdnpoli

Don’t be surprised when Trudeau increases CPP contributions again.

Çok kötü. Ne olacak emeklilerin durumu.

Should have hired Pelosi’s husband.

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