Following a $6.1 billion loss in the first quarter, Canadian trusteed pension funds bounced back with net income of $7.7 billion in the second quarter.
Total revenue fell $4.1 billion from the first quarter to $35.9 billion in the second quarter, mainly due to lower profits on sales of securities (-29.3%) and investment income (-9.6%).
Expenditures fell by over one-third (-$17.2 billion) to $28.2 billion, mainly driven by smaller losses on the sale of securities ($3.9 billion) compared with the previous quarter ($20.6 billion).
Are you sure you want to delete this link?
The personal, minimalist, super-fast, database free, bookmarking service by the Shaarli community