$500 Billion Now In Canadas Retirement System After Record Year Of Gains

[Economy 52,838]

https://www.newswire.ca/news-releases/cpp-investments-net-assets-total-497-2-billion-at-2021-fiscal-year-end-813839839.html

 

Canadas official Government retirement fund CPP (Canada Pension Plan) achieved over 20% growth with assets growing $87.6 billion

 

The fund is now nearly $500 Billion roughly equivalen in size to 25% of Canadas GDP

 

The fund grew to this size 7 years ahead of projections. Given the strain baby boomers will put on the system, a healthy pension fund is a great asset for the Country

[Economy 52,838]

@OBEY @GagaSine @LaLa @JustinTrudeau

 

 

Canada seems to be good with Pension funds. Ontarios teacher pension fund is also consistently insanely over performing expectations and is huge relative to liabilities/expenses

 

Norways Sovereign wealth fund we coming for u one day

[LaLa 19,898]

awesome, can't wait to retire!  

[Economy 52,838]

15 minutes ago, LaLa said:

awesome, can't wait to retire!  

Already beefing it up with my companies RRSP plan 

[jimmytimestep 2,935]

gosh, if only the rest of the world could get on the same page.

Cheers, Canadians! 

[Economy 52,838]

Just now, jimmytimestep said:

gosh, if only the rest of the world could get on the same page.

Cheers, Canadians! 

We have our own set of failures but ill enjoy the wins too

 

[PunkTheFunk 125,703]

Love that for me