CPP reaches C$98.6bn in Q2 despite negative returns

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CANADA - The Canada Pension Plan (CPP) grew by $600m for the quarter ending June 30, 2006, despite an investment rate return of -2.6% or $2.5bn.

The fund managed a positive return thanks to $3.1bn from CPP contributions not needed to pay current pensions, and CPP Investment Board CEO David Denison said: Our investment returns reflect the de...

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