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Record investment year puts CPPIB close to half-trillion dollar asset goal


Record investment year puts CPPIB close to half-trillion dollar asset goal
© Provided by The Canadian Press
TORONTO A record return over the first full year of the pandemic has put the manager of Canada s largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028.
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Canada Pension Plan Investment Board reported Thursday that its funds earned 20.4 per cent net of all costs for its 2021 fiscal year ended March 31, the highest annual return since its inception in 1999.
As of March 31, CPP Investments had $497.2 billion in assets under its management, up from $407.3 billion in fiscal 2020 when it had a below-average return of 3.1 per cent due to the onset of the COVID pandemic. ....

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Canadian Natural Resources Limited Announces 2021 First Quarter Results


Canadian Natural Resources Limited Announces 2021 First Quarter Results
Commenting on the Company’s first quarter 2021 results, Tim McKay, President of Canadian Natural stated “The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases …
Commenting on the Company’s first quarter 2021 results, Tim McKay, President of Canadian Natural stated “The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases and crude oil demand recovers, especially in the United States, we ar ....

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