CPP reports positive Q1 results

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CANADA - The CPP Investment Board in Canada has reported positive investment returns for the first quarter of fiscal 2002, a dramatic turnaround from the losses incurred at the end of the previous fiscal year.

The market value of assets held by the CPP Investment Board totalled $11bn on June 30, 2001, compared with $7.2bn at fiscal year end on March 31, 2001. These assets are invested exclusively in equi...

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