Saturday, February 28, 2009

Pressure Builds For Charest To Testify About Caisse Losses

From The CBC:

Bond agency puts Quebec pension fund manager on credit watch.

Pressure is mounting for Quebec Premier Jean Charest to testify under oath about historic revenue losses at the province's pension fund manager, the Caisse de dépôt et placement du Québec.

The Opposition Parti Québécois has intensified calls for the premier to testify after the bond rating agency Standard and Poor's put the Caisse on credit watch, citing "increasing instability" in top management.

PQ leader Pauline Marois said the Liberal government failed to name new board members quickly enough to satisfy the financial watchdog.

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