We are a professional investment corporation managed independently of the Canada Pension Plan by experienced investment professionals drawn from the private sector.

Our job is to invest CPP contributions that are not required to pay current benefits, in a way that maximizes returns without undue risk. The money that we invest today will be needed by the Canada Pension Plan to help pay the pensions of working Canadians who will begin retiring 17 years from now.

(December 7, 2005): The CPP Investment Board today announced the purchase of two major shopping centres in Quebec, the Galeries de la Capitale in Quebec City and Carrefour de L'Estrie in Sherbrooke.

(November 15, 2005): The CPP Investment Board announced today that it is committing $400 million to the Canadian private equity and venture capital market. Of the $400 million, $250 million is being committed to a Canadian small and middle market buyout fund of funds and $150 million is being committed to a Canadian venture capital fund of funds, both of which will be invested and managed by TD Capital Private Equity Investors.

This new policy is based on the principle that responsible corporate behaviour can generally have a positive influence on long-term corporate performance. The CPP Investment Board has committed to build an engagement capability and will use its influence as a shareholder in over 1,800 companies to encourage improved performance on and disclosure of environmental, social and governance (ESG) factors.

Gail Cook-Bennett, Chairperson of the CPP Investment Board, is pleased to announce the appointment of the Honourable Frank Iacobucci, former Justice of the Supreme Court of Canada, as Conduct Review Advisor effective October 2005.