CPP Assets Surpass $328 Billion

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CBJ — According to a report by the CBC, the country’s national pension plan had more than $328 billion in assets at the end of September.

The Canada Pension Plan Investment Board (CPPIB), which invests the funds not needed to pay beneficiaries of the Canada Pension Plan, reported quarterly increased profits of $1.7 billion compared with the previous quarter after all benefits were accounted for.

“On an annual basis, contributions to the fund continue to exceed outflows,” the CPPIB said.

On a rolling annual basis, the fund has returned 6.9% over the past 10 years and has gained nearly 12% per year since 2012.

@CanBizJournal

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