Canada’s Retirement Backstop Misses Its Own Benchmark Again — and the Gap Is Getting Harder to Explain

Canada’s largest pension manager posted a 7.8% net return in fiscal 2026 and watched its assets climb to $793.3 billion. Its own benchmark did 13.2%. The 5.4 percentage point gap is the third consecutive year CPPIB has trailed the passive indices it measures itself against — and the streak is getting harder to dismiss as […] The post Canada’s Retirement Backstop Misses Its Own Benchmark Again — and the Gap Is Getting Harder to Explain appeared first on the deep dive.