CPPIB loses CAN$5.3bn

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CANADA - The Canada Pension Plan Investment Board (CPPIB) has announced a CAN$5.3bn (US$4.3bn) decline in asset values over the first half of the fiscal year, resulting in the fund's value falling to $117.4bn.

Declining asset values on global stock markets, which have seen a 19.3% fall in domestic Canadian equities, a 12.9% fall on the FTSE 100 and a 9% decline on the S&P 500 were blamed for the majority...

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