And guess who loses out if the takeover deal is rejected? (You.)
In all, Quebec’s Caisse de dépôt et placement holds $5.4 billion in investments in oil-sands companies
$39.8 billion: That’s how much Quebec’s Caisse de dépôt et placement lost in 2008.
My recent piece on the Caisse de debacle elicited this strange response from Erin Weir at the Progressive Economics Forum, a frequent (and friendly) critic of this page:
Stephen Harper and Jean Charest have to be glad they got their respective re-elections settled before the worst of the recession kicked in. If recent polls are any indication, both men appear to have dodged a bullet by going into elections late last year instead of waiting for the opposition parties to force them into one.
Compulsory plans like the CPP expose older investors to risks they shouldn’t have to face
WEEKEND ROUNDUP