Sunday, August 30th18.8°C
27214
26827

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




Recent Trending




Today's Market
S&P TSX13865.07+98.40
S&P CDNX555.67+10.10
DJIA16643.01-11.76
Nasdaq4828.32+15.62
S&P 5001988.87+1.21
CDN Dollar0.7567-0.0006
Gold1119.50-5.10
Oil45.26+2.70
Lumber237.20-9.70
Natural Gas2.719+0.055

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.29+0.05
Cantex0.04-0.01
Anavex Life Sciences1.34-0.05
Metalex Ventures0.055+0.000
Russel Metals21.41+0.43
Copper Mountain Mining0.64-0.01
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.75+0.14

 





FEATURED Property
2406398HolidayPark Resort
$1,800
more details
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


24222