Canadian pension funds blighted by interest rate

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CANADA - Strong Canadian equity returns in 2005 were blighted somewhat by the long-term interest rates dropping yet again, according to Mercer Investment Consulting.

In its fourth quarter 2005 survey of pooled fund performance, Mercer said energy stocks took top honours for the year, soaring over 63% despite enduring a decline of 2.1% in Q4. That helped fuel...

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