Stronger loonie pushes CPPIB to narrow first quarter investing loss
“The quarter’s results reflect gains across most asset classes, which were offset by the impact of foreign exchange losses due to arelative to the U.S. dollar,” said John Graham, chief executive of CPPIB. “While we anticipate periods of uncertainty to persist, we expect our portfolio will continue to be resilient and create value for CPP contributors and beneficiaries for generations to come.”
in 2019, has a 10-year annualized net return of 9.8 per cent, representing cumulative net income of $314 billion.Article content As of June 30, 2023, base CPP had a five-year net real return of four per cent and a 10-year net real return of 7.1 per cent. The net real return of the additional CPP accounts is 1.3 per cent since inception in 2019.
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