CPP Investments reports net return of 0.5 per cent in “volatile” Q3

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TORONTO - CPP Investments says it had a net return of 0.5 per cent in its third quarter, well below its longer-term track record.

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TORONTO – CPP Investments says it had a net return of 0.5 per cent in its third quarter, well below its longer-term track record.

The independent investment manager for the Canada Pension Plan says it ended the third quarter with $780.7 billion in net assets, up from $777.5 billion in the previous quarter.

John Graham, chief executive of CPP Investments, says the fund experienced a volatile quarter amid slowing growth and escalating geopolitical tensions.

John Graham, President & CEO of the CPPIB speaks at the Canadian Chamber of Commerce’s Annual General Meeting and Convention in Ottawa on Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
John Graham, President & CEO of the CPPIB speaks at the Canadian Chamber of Commerce’s Annual General Meeting and Convention in Ottawa on Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick

He says the fund remains resilient and that it has stayed focused on the long term. 

The fund had a seven per cent net return over the first three quarters of the year, while its 10-year annualized net return stands at 8.4 per cent.

The $3.2 billion increase in net assets in the quarter came after $4 billion in net income and $800 million in net outflows to the CPP.

This report by The Canadian Press was first published Feb. 13, 2026.

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