The Canada Pension Plan Investment Board (CPPIB) saw its funds drop by 4.2% last quarter or roughly $16 billion—which sounds a lot worse than it actually is.

According to the International Energy Agency (IEA), Western sanctions have had a limited impact on Russia’s oil exports, which is also its biggest money maker.

The average price of a Canadian home is projected to fall by ~25% by the end of 2023 from all-time highs this past February, per a new report from Desjardins.

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.