Thursday, May 28th22.3°C
26329
25546

CPP Investment Board earns 16.5 per cent return for latest financial year

TORONTO - The Canada Pension Plan Investment Board says its investments earned 16.5 per cent in its latest financial year.

The pension fund manager says the gain came as its asset base grew by $35.8 billion for the year ended March 31, with the vast majority of that coming from investment income.

At the end of its financial year, CPPIB had $219.1 billion of assets under management — up from $183.3 billion a year earlier.

About $30 billion of the increase was due to investments and $5.7 billion came from excess contributions paid to the pension plan by working Canadians and their employers outside of the province of Quebec.

CPPIB chief executive Mark Wiseman says it was an unusually strong year and cautions that it likely won't be repeated again soon.

But Wiseman says the CPPIB's goals are very long-term and it's well positioned to deliver its commitments to the pension plan.

The Canadian Press


Read more Business News

26181


Recent Trending




Today's Market
S&P TSX15107.00-3.47
S&P CDNX692.16+1.54
DJIA18126.12-36.87
Nasdaq5097.98-8.62
S&P 5002120.79-2.69
CDN Dollar0.8054+0.0008
Gold1187.40-16.90
Oil58.87+0.50
Lumber274.40+1.90
Natural Gas2.81-0.01

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.40-0.02
Metalex Ventures0.07-0.01
Russel Metals25.20-0.31
Copper Mountain Mining1.30+0.02
Colorado Resources0.10-0.01
ReliaBrand Inc0.0129-0.0010
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.15-0.00
Decisive Dividend Corporation2.10+0.16

 



26361

FEATURED Property
227104255 610 Katherine Road
3 bedrooms 2 baths
$221,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



26418

26418


Member of BC Press Council


24222