Financial Post says CPP saw Modest Gains in the Third Quarter, Despite Volatility
December 22, 2022
According to the Financial Post, Canadian pension plan investments saw modest gains in the third quarter, thanks to global interest rate hikes impacting the stock and bond markets. In fact, the median plan returned 0.76% for the quarter and -14.75% year-to-date as of September 30, 2022.
“Measures taken by central banks to restore equilibrium across the global economy cascaded down to the investments of Canadian pension plans. Despite the ebb and flow of volatility, pension plan sponsors have demonstrated resilience and adapted well through ever-changing cycles, as witnessed this quarter by the positive return of the median pension plan against a backdrop of monetary tightening,” Katie Pries, President and CEO of Northern Trust Canada, is quoted as stating in Financial Post.
To read more, click on more information:
