Canadian pension fund OMERS reports first annual loss since financial crisis

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo

Canadian pension fund OMERS on Thursday reported its first annual net loss since the 2008 financial crisis, as widespread lockdowns brought on by the COVID-19 pandemic hit its investments in real estate, energy and financial services sectors.

OMERS reported a negative return of 2.7% or $C3 billion in 2020.

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