The Canada Pension Plan Investment Board says it earned a net return of one per cent for the first quarter of fiscal 2026.
John Graham, chief executive officer of the investment organization, says shifting trade dynamics and broader geopolitical uncertainty fuelled renewed volatility in global markets during the quarter.
Read: CPPIB returns 9.3% in latest fiscal year
The fund noted that while markets declined early in the period, public equities rebounded by quarter end, contributing to overall performance. The investment manager says net assets stood at $731.7 billion at June 30, up from $714.4 billion at the end of the previous quarter.
It says the increase included $7.5 billion in net income and $9.8 billion in net transfers from the Canada Pension Plan.
The fund noted it routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year.