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March 17, 2022

HOOPP PERFORMANCE RANKS SECOND

The Healthcare of Ontario Pension Plan (HOOPP) delivered an 11.28 per cent return in 2021, bringing its net assets to $114.4 billion, up from $104 billion at the end of 2020. Its funded status is 120 per cent, meaning that for every dollar owed in pensions it has $1.20 in assets. The 10-year annualized rate of return was 11.06 per cent (as of December 31, 2021). Based on a CEM Benchmarking global dataset of 218 pension funds, its 10-year net returns were in the top 10 per cent and its 10-year net value-added was the second highest. It delivered strong returns across many asset classes, including public equities, real estate, and private equity which offset modest declines in its bond portfolio. At the same time, it continued to evolve its investment strategies with more investment in infrastructure and the innovation economy.

March 17, 2022

CANADIANS COMFORTABLE WITH LESS SOCIAL INTERACTION

Two-thirds of Canadians are comfortable with less social interaction than pre-pandemic and this group has a mental health score two points higher than the national average, says the LifeWorks monthly ‘Mental Health Index.’ Additionally, nearly half of Canadians reported they are, or possibly are, rethinking their career goals in terms of both focus and longevity as a result of the pandemic. The index found that Canadian workers are still under strain with a negative mental health score for the 23rd consecutive month. While the score of Canadian workers did improve when compared to January, this month’s score still remains lower than the pre-pandemic mental health benchmark. The index score for February 2022 is -10.6, an almost one-point improvement from January’s score of -11.3. It shows 30 per cent of Canadians have altered career goals due to the pandemic, with workers ages 40 and younger more likely to report their goals have changed. This group has a mental health score of -21.3, more than 10 points below the national average. Twenty-one per cent are considering retiring and this group has the highest mental health score. Managers are 55 per cent more likely than non-managers to report they will be making a career change because of the pandemic.

March 17, 2022

PENSION ASSETS KEEP GROWING

The market value of assets held by Canadian trusteed pension funds continued to grow in the third quarter of 2021, rising $39 billion to $2.18 trillion or up 1.8 per cent from the previous quarter, says Statistics Canada. The growth in the quarter was driven by the four top asset classes: bonds, equities, real estate, and infrastructure. Canadian bonds rose 2.2 per cent in the