Net assets down nearly $1 billion in latest quarter
In a sign that turmoil in the global economy is taking a toll on Canadians’ retirement savings, the Canada Pension Plan Fund indicated in a statement on Thursday that its net assets were down by nearly $1 billion at the end of the third quarter. The fund had $152.3 billion in net assets at the end of September, down from $153.2 billion at the end of the second quarter, the Globe and Mail reports.