Pensions
Canadian Pension IMCO Loses 8.1% in 2022
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
No rise in member contribution rates expected for fiscal year that starts July 1.
Pension fund reports third straight year of double-digit investment gains, but falls short of benchmark.
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.