Canada Post scheme posts loss

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CANADA - The CAN$11.7bn (US$9.6bn) Canada Post pension plan lost almost 20% during 2008, its annual report reveals.

The 80,000 member scheme said assets fell from C$14.6bn to C$11.78bn over the course of the year. The scheme also underperformed its benchmark, earning -19.3% against a benchmark return of -17.6%. ...

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