Canadian defined benefit pension plan sponsors are benefiting from global diversification strategies at a time when private markets are performing more modestly, says Grant Johnsey, head of market solutions for the Americas at Northern Trust.

“Given some relative underperformance [in private markets] . . . Canadian pensions might rethink that and move some money back to public markets. I don’t see that yet, but that’s something I’m keeping an eye on.”

A report by the organization found the median Canadian DB pension plan reported a 6.6 per cent return during the second quarter of 2026. The positive investment result was credited to a rebound from public equities — particularly global ones — as Canadian investors continue to navigate an uncertain geopolitical........

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