The Canada Pension Plan Goes to Market
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School of Social Work, Carleton University Canadian Review of Social Policy/ Revue Canadienne de politique sociale Spring/Summer 2003, No. 51, p. 126-131Since it began investing Canadian workers’ public pension money on the stock market in March 1999, the Canada Pension Plan Investment Board (CPPIB) had lost $3.1 billion dollars by the end of 2002 (CPPIB, 2003b). Despite this record, the federal Ministry of Finance is now moving to shift all Canada Pension Plan assets to the control of the CPPIB through legislation currently working its way through Parliament.
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