CPP fund's fiscal year performance lags 2004

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CANADA - The Canada Pension Plan reserve fund grew to a total CAN$81.3bn in fiscal 2005 but the investment gain of CAN$6.3bn on assets came in short of the CAN$10.3bn reaped in 2004.

Announcing its results for the year ending March 31, 2005, the CPP said the rate of return was 8.5% compared to 17.6% the previous year, on the back of poorer performance from global equity markets...

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