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CANADA’S DEEP STATE Part 9 - Quebec’s pension - The Caisse (CPDQ) Quebec has its own public pension plan and they do not contribute to CPP. It is the 2nd largest pension fund in Canada, after the Canada Pension Plan (CPP) As at December 31, 2018, CDPQ managed assets of $309.5B invested in Canada and internationally Established in 1965, the Caisse de Dépôt et Placement du Québec (CDPQ) initially focused on bonds before entering the Canadian stock market in 1967. Caisse manages the funds of other public pension and insurance plans, government and public employee pensions, employees of the QUEBEC CONSTRUCTION INDUSTRY and more. --- Remember the Charbonneau Commission? It created its private equity portfolio investing in Québec companies then adopted new investment guidelines, placing greater emphasis on equity and entering the real estate market in the 80’s. In 1996, the Caisse's Real Estate group was the leading real estate owner in Québec and the second largest in Canada. As of 2017, CDPQ has 41 depositors, active on Canadian and international markets, holds a diversified portfolio including fixed-income securities, publicly listed shares, real estate investments, and private equity. A shareholder in more than 4,000 companies in Québec, elsewhere in Canada, and around the world, the Caisse is internationally recognized as a leading institutional investor Based on Caisse’s success, the Ontario Teachers Pension Plan lobbied the federal gov’t in the 90’s, and won, to allow the same diversification as Caisse. @BlueGood

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