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Moody’s Has Concerns About Quebec Pension Taking Over Public Infrastructure Projects

Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund, recently reached an agreement to finance, execute and own the province’s new public transit projects. Moody’s views the deal as a credit negative for the pension fund. From Chief Investment Officer: Rating agency Moody’s has outlined concerns it has over a C$4 ...
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Canadian Newspaper: Quebec Pension Infrastructure Plan in Novel, But Won’t Lead to “Optimal Returns”

Canada’s second largest pension fund struck a deal with Quebec this week to take over the province’s new public transit projects. Under an agreement reached between the Caisse de dépôt et placement du Québec and the Quebec government, the pension fund will finance and own the province’s new public transit projects. The editorial board of the ...
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