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Caisse reinvested heavily in a problem company
Caisse de Depot et placement invested $200 million last year in an Indian company, despite warning signs as early as 2021.
• Also read: Solar power, scooters and beverages: other bad bets in the Caisse de Depot et Placement du Québec
The amount was injected in early 2022 into Azure Power Global, an Indian solar energy producer. Since 2016, Caisse has invested nearly $630 million in Azure, which…
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IBM's quantum supercomputer is coming
Quantum computing has always been considered a field that generates improbable future scenarios, but today it has become a very fertile ground for development that will soon be able to serve Quebec companies by entering the activity of IBM’s quantum supercomputer in Bromont, a machine that only exists in five countries in the world.
Posted at 6:30 am
Quantum computing, born from the…
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Raise the rate: "It was the straw that broke the camel's back"
There comes a point in the economic cycle when every marginal increase has an effect that is no longer linear. It’s more serious, it’s like the straw that breaks the camel’s backMr. Marion confirmed, in an interview with Radio Canada.
The latter is very critical of the decision of the Bank of Canada, which should have applied the precautionary principle, while the global economy is swimming in…
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The puzzle runs deep in Azure
CDPQ’s half a billion investment in this Indian company has melted considerably
Posted at 5:00 am
There are new skeletons in the closet at Azure Power Global, an Indian solar company in which Caisse de Depot et placement du Quebec has invested half a billion dollars — an investment that has lost feathers since the summer.
Several questions remained unanswered despite the substantial update the…
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Provigo replaces Maxi
Quebec’s race for discounts in this period of inflation prompted the Ontario giant Loblaw to convert Provigo stores to Maxis. Eleven grocery stores have already been converted since April 2021, and there will be at least 16 more in the coming months.
• Also read: Grocery basket: More price increases are coming on the subway
• Also read: The end of price freezes at groceries: The cost of 1,500…
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About a dozen jobs will be cut at the Montreal Gazette
Dozens of posts will soon be deleted in the newsroom at Montreal Gazette, the capital’s last English-language daily newspaper. The news, announced to staff Wednesday, raises fears for the paper’s survival.
Posted yesterday at 8:52 pm.
This was confirmed by several employees who asked not to be named, for fear of facing disciplinary action Journalism In the evening. Everyone is in shock. Survive…
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Former sexologist Louise Seguin pleaded guilty to the disciplinary board
Former sexologist star in the show If we love each other Louise Seguin pleaded guilty to all charges against her Tuesday morning during a hearing before the Disciplinary Board of the Quebec Union of Sexologists. The two parties agreed to jointly propose a penalty, namely, suspension of up to 6 months, a fine of $14,000 and payment of expert fees, in particular, approximately $21,000.
Louise…
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Stock Market: Wall Street Gains Confidence and Dies
(Photo: Getty Images)
Market review. The New York Stock Exchange closed higher on Monday, propelled by technology, at the start of a busy week of corporate results as investors appear to be leaning towards more optimism.
The Toronto Stock Exchange closed modestly higher.
To re-consult market news
Stock market indices at closing
In Toronto, a S&P/TSX It rose by 128.37 points (+0.63%) to 20,631.58…
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#Bitcoin#Confidence#dies#Dow Jones#Gains#market#Nasdaq#S&P500#sotc exchange#stock#Street#Wall#Wall Street
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retail trade | Half of hardware stores are reducing their hours
If the thorny issue of closing business on Sunday still does not achieve consensus, several Quebec hardware stores have nevertheless decided to revise their schedules. Nearly half of them will cut their hours in 2022, according to a review by the Quebec Building Hardware and Materials Association (AQMAT).
Posted at 5:00 am
This is a real asset for the president of the association, Richard…
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The $568,000 apartment is considered affordable by Plant Management
Plant management found an 875-square-foot apartment in the Griffintown neighborhood that sold for $568,896 to be “affordable,” our bureau of investigation found.
• Also read: Affordable Housing: Montreal is (very) far from the mark
• Also read: Valerie Blunt says she’s proud of her residential record
• Also read: Quebec also lagged behind in the area of ​​social housing
It is the most expensive…
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Inflation Crisis: In 2022, more had to be done with every dollar
Inflation Crisis: In 2022, more had to be done with every dollar
There is no doubt that inflation is the number one economic topic in Quebec in 2022. Even if it is a bit technical, the word has taken root in everyday parlance as quickly as prices at the grocery store have risen.
• Also read: Consumer revenge
• Also read: The year 2022 is under the sign of inflation
• Also read: Tax breaks that mitigate inflation
Inflation is also the word of the year for the…
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Hundreds of Canadians are stranded in Mexico after Sunwing flights are cancelled
Hundreds of Canadians are stranded in Mexico after Sunwing flights are cancelled
Passengers say they were moved from one hotel to another after having to sleep on the floor at the airport.
We just want to go homeexplains Tess Frydenberger, who was originally scheduled to fly to Calgary Dec. 22 from Mexico City with Sunwing. The company said it had to cancel its flights due to the weather.
I never would have imagined that I would find myself in such a situation. I didn’t even…
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One expert says we should toughen the line against air carriers
One expert says we should toughen the line against air carriers
As hundreds of Canadians rush home after their flights to Mexico were canceled last week, a passenger advocate said stranded travelers should consider legal action if they are not reimbursed by the air carrier.
Posted at 6:59 pm.
Sarah Smiley
Canadian Press
Air Passenger Rights Group president and founder Gabor Lukacs recommends that passengers struggling with flight cancellations and…
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Blue Planet and Green Ideas | "Repair Bonus" to reduce waste
Blue Planet and Green Ideas | “Repair Bonus” to reduce waste
France has just introduced a “repair bonus” for electrical appliances, in order to extend the life of the equipment and reduce waste. Should Quebec do the same?
Posted at 6:00 am
Since mid-December, the French can take advantage of a “bonus” for repairing their electrical appliances, amounts ranging from €10 (about $14) for a kettle or toaster to €45 (about $65) for a computer.
About 30 types…
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looking back | We had to panic a little
looking back | We had to panic a little
Recording is an art often practiced in the heat of the moment. The end of the year is a good opportunity for our columnists to see what they could have done differently, in hindsight.
Posted at 6:30 am
Inflation has been in the headlines for practically all year, and soaring prices have contributed significantly to poisoning consumers’ lives while forcing monetary authorities to intervene…
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winter storm | Anger and frustration at Montreal Trudeau Airport
winter storm | Anger and frustration at Montreal Trudeau Airport
The winter storm of the past few days has complicated the plans of many travelers, including the hundreds who line up for hours at Montreal Trudeau Airport, just to be able to speak to an Air Canada employee on the phone.
Posted at 4:44pm.
It’s hard to miss the crowds gathering in front of the airline’s kiosk as it arrives at the departure area. At the end of an endless line of more than a…
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Elon Musk, from hero to zero by the shortest path
Elon Musk, from hero to zero by the shortest path
The richest man on the planet is gone. The tireless home run hitter hit a wall. The head of the dissolved industries broke his teeth. Elon Musk, who so far seemed to have everything working out, stole the show in 2022 for a very simple reason: he seemed to have found the shortest path between hero state and zero state.
Musk is nowhere close to turning around and could definitely bounce back in…
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