CPP Investment Board posts 3.6 per cent rate of return for its third quarter

, and a new account for extended CPP benefits had $1.4 billion in assets, up from $1.2 billion at the end of September.

Its five-year annualized net real return, which adjusts for inflation, was 8.4 per cent and its 10-year real rate of return was 8.5 per cent during what was the third quarter of its 2019-20 financial year. CPPIB is an independent fund manager for the national pension system, which invests excess contributions from employers and employees in most parts of Canada except for Quebec, which has its own provincial plan.

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