TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year.The Toronto-based investment manager for the Canada Pension Plan said its CPP Fund had $392.0 billion of net assets as of March 31, up $35.9 billion from the end of the 2018 financial year after all costs.The fiscal fourth quarter also showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.CPPIB’s five-year real rate of return, which adjusts for inflation, was 8.9 per cent as of March 31 while the 10-year real rate of return was 9.2 per cent.Those returns are well ahead of what the Chief Actuary of Canada has determined to be necessary to sustain the Canada Pension Plan to at least 2090.Related Stories:After best rally since 2000, Canadian stocks face a wall of worryAurora Cannabis sales volume nearly doubles as net revenue jumps 52 per cent
Students across the country are receiving their A-level results on Thursday, with many subjects re-designed so that coursework and modules are axed. The number of top A-level grades is at a six-year high, despite the introduction of new “tougher” exams this year, national figures show. For the second year running, boys are winning more of the highest grades than girls, with 26.2 per cent of girls achieving As or A* compared to 26.6 per cent of boys. This is the second year in a row that the A*-A pass rate has risen. One in 12 (8 per cent) entries scored… In total, 26.4 per cent of students were awarded either an A or A* this year, the highest since 2012 when 26.6 per cent achieved these grades. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.