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Canada Pension Plan posts 8% return in 2024 fiscal year
Investors - MAY 23, 2024

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Canada Pension Plan posts 8% return in 2024 fiscal year

by Lewis Dayton

The Canada Pension Plan Investment Board (CPP Investments) ended its fiscal year on March 31, 2024, with net assets of $632.3 billion, up from $570 billion at the end of fiscal year 2023.

The fund delivered a net return of 8 percent for the fiscal year and has returned a 10-year annualized net return of 9.2 percent.

“The CPP Fund’s growth this year continued the trend of reaching heights several years ahead of initial actuarial projections,” said John Graham, president and CEO. “Solid performance by all of the investment departments and key corporate functions helps demonstrate how our strategy is on track.”

 

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