Former Bell CEO will work to restore pension giant’s reputation
First task will be finding a CEO
Rating agency Standard & Poor’s has placed long-term issuer credit rating of the Caisse de dépôt et placement du Québec on “credit watch with negative implications” for the next three months.The AAA long-term rating is the highest in Canada.“We continue to believe the Caisse’s ability to meet all its financial obligations is strong,” S&P stated.The […]
Finance minister says it's important for Quebecers to know what happened with the Caisse’s ABCP holdings
The cost of foreign-exchange risk hedging and its significant ABCP holdings were the main culprits in the Caisse’s massive loss
Board denies media allegations
Two senior officers of the Caisse de dépôt et placement du Québec on Monday categorically denied allegations that a plan to replace a large portion of the members of the executive committee had been prepared or was in preparation.“These allegations are unfounded,” stated Pierre Brunet, chairman, and Fernand Perreault, president and CEO.“They are prejudicial to […]
Pension fund expected to take large writedown on ABCP holdings
Perreault to head pension giant until new leader is recruited
CEO now plans to return Jan. 5