The second quarter saw the market value of assets held by Canadian trusteed pension funds drop $119.3 billion to $2.1 trillion, down 5.4% from the previous quarter. Year over year, the market value fell by 2.6% (-$55.5 billion). This is still higher than the market value of the trusteed pension funds at the end of the last pre-COVID-19 pandemic quarter (the first quarter of 2020), when the market value of assets was $2.0 trillion. It is worth noting that in the second quarter of 2022, the Standard and Poor's 500 dropped 10.9%.
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