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

The Caisse de dépôt et placement du Québec posted a negative return of 7.9 per cent for the first six months of the year.The Caisse de dépôt et placement du Québec posted a negative return of 7.9 per cent for the first six months of the year, in what chief executive Charles Emond noted was the worst period for stock and bond markets over the past 50 years.

“The first six months of the year were very challenging,” Emond said in a statement. “The mix of factors we faced had not been witnessed in several decades: spiking inflation that triggered rapid and sharp interest rate hikes, rare simultaneous corrections in both stock and bond markets, fears of an economic downturn and the war in Ukraine with its many collateral effects.”

Hey y’all could have invested in western Canadian oil and gas and been 7 X but You continue investing with ideology. COM

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 yearsPension fund writes off $150\u002Dmillion investment in bankrupt Celsius
Source: fpinvesting - 🏆 43. / 63 Read more »

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 yearsPension fund writes off $150\u002Dmillion investment in bankrupt Celsius
Source: financialpost - 🏆 7. / 85 Read more »

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 yearsPension fund writes off $150\u002Dmillion investment in bankrupt Celsius
Source: VancouverSun - 🏆 49. / 61 Read more »

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 yearsPension fund writes off $150\u002Dmillion investment in bankrupt Celsius 80% of that loss has since been recovered.. about 25 B$ as markets recover. Don’t worry transfer payments from Alberta’s dirty oil will bail out Quebec again.
Source: nationalpost - 🏆 10. / 80 Read more »

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 yearsPension fund writes off $150\u002Dmillion investment in bankrupt Celsius
Source: fpinvesting - 🏆 43. / 63 Read more »