Canadian pensions rode commodity boom and emerging markets surged to outpace global indices in 2025
7.9% annual return and 0.6% quarterly return

Including RBC Investor Services’ defined benefit pension clients spanning private and public plans
Q4 2025 Defined Benefit Pension Returns
+0.6%
Total
–0.6%
Canadian fixed income
+6.1%
Canadian equities
+1.4%
Global equities
Please refer to the press release for additional information or contact your RBC Investor Services representative.