CPP's debt issuance program has over 1,200 investors, C$98 billion ($69.68 billion) in outstanding issuance, and issues bonds in various currencies in ​Canada, the U.S., and Australia, among other markets. It has issued C$14.5 billion as of ​March 31 and aims to issue about C$20 billion this year.

"We ⁠have a little bit of a home field advantage in the sense that people ​in Canada know us, and so it is really focusing a little bit more on ​the international," said Jhooty, who sees more expansion opportunities in the U.S., Europe and in Asia.

Growth in the program will be in line with the growth of CPP's overall assets, Jhooty said, adding ​that the bond program is expected to stay roughly around 11% to 12% of ​assets.

One of CPP's biggest markets in the first months of the year was Australia, where it has issued C$5 ‌billion, ⁠followed by the United States with C$3.4 billion. In Canada, the pension fund has issued C$2.9 billion in bonds.

While investors are mostly drawn to the growth of CPP's bond program so far, Canada's profile in the international market has helped to an extent, Jhooty said. Foreign investors ​have bought Canada’s federal ​bonds in record ⁠amounts, reflecting confidence in Canada as part of a shrinking band of countries whose bonds receive a triple-A credit rating.

Jhooty and John Sim, ​a managing director in the total fund management group, said ​government efforts ⁠to attract investment and promote Canada as an investment destination had raised the country's profile. CPP is receiving more questions about Canada's investment landscape and viewed that increased interest as a positive outcome ⁠of ​governments' efforts to attract capital to the country, he ​said.

CPP reported total assets of C$793.3 billion for fiscal 2026. Its assets are projected to grow to about $4.3 ​trillion by 2050.

(This story has been refiled to say that CPP has issued C$14.5 billion as of March 31, not year-to-date, in paragraph 2

($1 = 1.4064 Canadian dollars)