Canada’s 10 biggest pension funds have lost an estimated $104 billion amid COVID-19 panic

According to an analysis by The Logic, Canada’s ten largest pension funds, which millions of Canadians are relying for retirement, have lost an estimated $104 billion in public equity.

The Logic reports that these ten large pension funds have an average of 27 per cent of their assets invested in the public markets, which is around $500 billion when you take into account that they have a combined $1.7 trillion in assets.