Bloated CPP Investment Board trounced by its own benchmarks – again

May 22, 2026

Andrew Coyne/The Globe and Mail: To have spent all this money, more than $55-billion in all since 2007, in the fruitless quest to beat the market – in fact, to deliver returns that substantially underperform what could have been achieved by a passive investment strategy, at a fraction of the cost – is nothing short of a massive public policy debacle. Maybe some day the Canadian media might even begin to take notice…