Canada Pension Plan Investment Board’s total assets increased 2.4 per cent to $731.7 billion in its first quarter of fiscal 2026 amid “considerable market volatility.” A weakening U.S. dollar compared to the loonie offset most of the fund’s gains in stocks and energy assets (The Logic)

Talking point: “Shifting trade dynamics and broader geopolitical uncertainty fueled renewed volatility in global markets during the first quarter of our fiscal year,” CEO John Graham said in a press release. The fund is heavily exposed to the U.S. market. Assets in the country made up about 47 per cent of CPP’s portfolio as of June 30 and the U.S. dollar accounted for 61 per cent of its total $574.4 billion in foreign currency exposure. Graham told The Logic in May that the fund was open to investing more in Canada, as the new federal government promises more infrastructure projects on the horizon.