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CPP Investments' CEO on Why Canada Has a Decided Advantage

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John Graham, President and CEO of CPP Investments wrote a comment on a national pension promise: We live in tumultuous times. Wars in Ukraine and the Middle East, a global pandemic, and rapid technological change have all challenged us in ways we couldn’t have imagined five years ago. It can be easy to forget, given the speed of these disruptions, that one of our greatest challenges has been building slowly for generations. “Demography is destiny” is a phrase often used to draw a foreboding link between population dynamics and a nation’s fate. In periods of uncertainty, demographics can also be a signal for what’s ahead and provide the visibility to prepare for the challenges we’ll face in the future. In Canada, one of our most powerful tools to collectively shape that future is our strong, stable, resilient pension fund, one built for the specific demographic hurdles we’ll face as a country. Indeed, patterns of aging suggest nations will

The Eclipse The Market Doesn't See Coming?

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Hakyung Kim and Lisa Kailai Han of CNBC report Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt: Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the Dow was down by nearly 582 points, or 1.51%. The S&P 500 slid as much as 1.75%. Week to date, the broad market index dropped 1.56%, and the 30-stock Dow fell 2.37%. Meanwhile, the tech-heavy Nasdaq is 0.45% lower for the week. JPMorgan Chase shares declined more than 6% after the banking giant posted its first-quarter results. The bank said net interest income, a key measure of what it makes through lending activities, could be a little sh

HOOPP Highlights NIA Paper on How Canadians Can Get More Out of Retirement

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Today, HOOPP issued a press release on a new paper from the National Institute on Ageing (NIA) considers the physical and psychological factors influencing when Canadians claim their CPP/QPP: HOOPP has been a long-standing advocate for improved retirement security in Canada and we conduct research to help inform the national dialogue on this important issue. We are pleased to find like-minded thinkers who contribute their perspectives to this dialogue. Today, the NIA has released the first paper in a new eight-part series about how financial services and policy makers can help Canadians make informed decisions to maximize their Canada/Quebec Pension Plan (CPP/QPP) income . The paper, Introduction: Opportunities and Obstacles to Shifting the Paradigm , gives an overview on why most Canadians start their CPP/QPP at 65 and the areas of opportunity to help shift their thinking about retirement planning. Could some Canadians be bette

CDPQ's 2023 Sustainable Investing Report

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Today, CDPQ published its Sustainable Investing Report for the fiscal year ending December 31, 2023: CDPQ actively contributes to advancing sustainable finance, and once again this year the report presents concrete actions taken to drive the organization’s impact. Following are some highlights. Environment  CDPQ is well on track to achieve the targets underpinning the climate strategy it adopted in 2021, including its goal of reaching a net-zero portfolio by 2050 with: $53 billion in low-carbon assets, including $15 billion in Québec, representing an overall increase of $35 billion in low-carbon assets since 2017. Over $330 billion in assets with a low-carbon footprint, representing nearly 80% of its total portfolio. A 59% reduction in the carbon intensity of the portfolio since 2017. $5 billion in transitional assets to decarbonize the highest emitting sectors. Completion of its exit from oil production and thermal coal mining. Social CDPQ acts on several fronts to build str

APG and Ivanhoé Cambridge Back Scape's $658M Student Housing JV in Australia

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Michael Cole of Mintiandi reports APG, Ivanhoe Cambridge back Scape in $658M student housing JV in Australia: Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension fund manager Ivanhoe Cambridge to add to its portfolio of 17,200 operational apartments. With Scape having already set a target of 22,000 student beds by the end of this year, the joint venture is seeded with a 1,000-unit project at Melbourne’s Queen Victoria Market, near the University of Melbourne, as the company maintains its focus on creating purpose-built student accommodation (PBSA) in urban locations close to Australia’s top universities. “The strategy to develop and operate PBSA properties in key gateway cities in Australia is entirely in line with the urbanisation megatrend, which also aligns with our sustainabilit