Canadian pension funds face real estate losses of 5-16% due to a challenging investment environment.
Fitch Ratings reports that Canadian pension funds are facing mounting real estate losses but have enough financial flexibility to avoid selling assets at depressed prices. The hard investing environment, with higher debt costs and slower economic growth, has caused a decline in the value of some private assets owned by the pension funds. The effect has been most noticeable in real estate, with Canadian pension fund managers experiencing losses of 5-16%.
July 16, 2024
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