Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 years

During a conference call Wednesday morning to discuss the Caisse results, Emond said the Quebec pension fund hasAdvertisement 3“We decided to take it now” out of prudence, Emond said, noting that the Caisse is considering its legal options and intends to preserve its rights in the court-monitored U.S. proceedings.Emond said his team conducted extensive due diligence with outside experts and consultants.

“In these disruptive technologies, there’s ups and downs…. Some big winners and many losers,” Emond said. “Over five and 10 years, annualized returns were 6.1 per cent and 8.3 per cent respectively, also outpacing benchmark portfolio returns,” the pension manager noted.

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Foreign investors dump the most Canadian stocks since 2007 - BNN BloombergForeign investors pulled the most money out of Canadian stocks in 15 years amid fears that recession would hit an equity market that’s highly sensitive to changes in the economic cycles. Trudeau has to go PierrePoilievre Old info, that happened in June, when the market was in a slump. Wait for July and August to see them buying back in.
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