John Graham, chief executive at the Canada Pension Plan Investment Board, speaks at the Canadian Chamber of Commerce’s annual general meeting in Ottawa in a 2022 file photo.Sean Kilpatrick/The Canadian Press
Canada Pension Plan Investment Board earned a 7.8-per-cent return in its latest fiscal year as income from stocks as well as energy and infrastructure assets carried the fund through a period of upheaval and exuberance.
CPPIB’s 2026 fiscal year, which ended March 31, was bookended by the “Liberation Day” tariffs the United States imposed last April and the war in Iran it started early this year.
It was also a year when a small concentration of technology stocks surged to valuations that chief executive…







