Sunday, November 2, 2008

Show Us Pension Numbers, Quebec Opposition Urges

Quebec Parliament Building

From The CBC:

Amid the turmoil in global credit markets, opposition parties in Quebec are demanding the Liberal government issue a financial report card on the province's pension fund.

The Caisse de dépôt et placement du Québec might have lost as much as $30 billion since the onset of the worldwide financial crisis, Action Démocratique du Québec Leader Mario Dumont said Friday.

"We have made calculations that show it is likely the biggest losses in history of the Caisse de dépot have happened," he said.

"If you were calling your financial agent and said what is in your RRSP, what it in is your account, and he couldn't tell you, you would fire him.

"That's exactly what he is telling us now," Dumont said.

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