News Releases

Canada Post Pension Plan 2007 Result

April 7, 2008

Canada Post Corporation today announced financial results for its Registered Pension Plan in 2007, the seventh full year of operation.

At December 31, 2007, the Registered Pension Plan held total net assets of $14.666 billion compared with $14.430 billion the previous year, representing an increase of $236 million. The Canada Post pension plan, one of the largest in the country, earned a return of 2.1% over the year.

"The Canada Post pension plan is a key benefit for our employees and it is satisfying to see our Plan maintain its record of success," said Moya Greene, Canada Post's President and CEO.

The 2007 return exceeded the benchmark return of 0.9% representing the blended return of various Canadian, U.S. and international stock and bond market indices weighted in accordance with the Canada Post asset mix target. The fund earned an annualized rate of return of 7.3%, since inception against the benchmark return of 4.8%.

"Financial markets continue to exhibit unusual volatility, as we work our way through the credit issues facing us. We are pleased that despite this uncertainty the Plan continues to perform above its benchmark," said Douglas Greaves, Vice-President Pension Fund and Chief Investment Officer.

The Canada Post pension plan is a defined benefit plan that provides inflation-protected benefits to almost 77,000 active members, retired members, deferred pensioners and beneficiaries.