100 billion in Caisse de depot assets in Quebec within four years

Aiming for this objective is everyone’s business at the Caisse. Quebec is a priority for all of our teamsunderlined the boss of the institution, Charles Emond, during a well-attended speech in front of 700 guests at the Canadian Club on Monday.

Last year, the assets held by this institution in Quebec reached $78 billion, a record. However, the weight of Quebec in the net assets of the CDPQ has fallen by more than seven percentage points in 10 years, which has drawn its fair share of criticism.

Mr. Emond took pains to refute these accusations by highlighting the CDPQ’s investments in 500 local companies, the vast majority of which are SMEs, as well as the role of the institution in Quebec companies listed on the stock exchange.

Moreover, the CDPQ believes that it is better to calculate the weight of Quebec’s assets in relation to the province’s economy.

years, our presence has doubled, our assets in the last three years have increased by 20%. We give ourselves the ambition to go up more than 25-30%. We continue our work and when we look at the trend, it has been there for a long time, and even before me”,”text”:”If we take a step back over 10 years, our presence has doubled, our assets in the last three years have increased by 20%. We set ourselves the ambition to increase by more than 25-30%. We continue our work and when we look at the trend, it has been there for a long time, and even before me””>If we take a step back over 10 years, our presence has doubled and our assets in the last three years have increased by 20%. We have the ambition to increase by more than 25-30%. We continue our work and when we look at the trend, it has been there for a long time, and even before melaunched Mr. Emond.

Dual purpose

Mr. Emond affirms that the institution he heads pursues its dual objective: to generate returns for the 46 depositors (who represent more than six million Quebecers) and to invest in economic development.

« We are looking at Quebec’s economic development mandate in relation to Quebec’s economy. In this sense, our presence has been incomparable for several years, and it is unequaled in the world. »

A quote from Charles Emond, boss of the Caisse de depot et placement du Québec

The CEO did not detail the investment sectors that would be favored in Quebec over the next few years. However, in daily interviews The Presshe indicated that the institution was going to put its balls in the construction of student residences and rental housing, in communication towers and in the injection of capital into Quebec companies.

Asked whether the Quebec government, considered more nationalist and inclined to intervene more in the economy, had been able to play in the balance, Mr. Emond pointed out that he is a interlocutor on several projects.

There are never too many of us to have ambition for Quebeche said.

“A mass of silver in the woolen stocking”

Moreover, Mr. Emond was reassured about the value of the Caisse’s assets, which will not be affected too much by the retirement of several depositors. He admits, however, that the institution is coming to a turning point in its history, where there will be more benefits that will be paid than contributions that will enter the coffers.

So that means there’s a net shrinkage, but it’s minor. […] Don’t worry: there is a lot more money than we need for the obligations of these plans.he meant.

Mr Emond says this could represent a net withdrawal of 1% of assets from 2032. There’s plenty of money in the woolen stockinghe started with a smile.

However, depositors’ strategies are likely to change and risk-taking will be less over the next few years.

For the future, Mr. Emond believes there is a danger in thinking that growth will be as significant as that observed over the past 20 years. And according to him, the relationship between China and the West, especially the United States, will be one to watch for investors.

month, it is the pivot of the Americans also towards China. They are not only watching Chinese investments at home, they are even more watching American investors in China”,”text”:”For me, the key for 18 months is the pivot of the Americans also towards China. They’re not just watching Chinese investments at home, they’re watching American investors in China even more.””>For me, the key for 18 months has been the pivot of the Americans towards China. They’re not just watching Chinese investments at home, they’re watching American investors in China even more.he pointed out.

He believes that the two countries will find a way through and that the Caisse will continue to find opportunities. Trade is like water: it always finds its destinationhe believes.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.