Feds put $604M of Canadians' pension funds in blacklisted Chinese EV companies

“There is no legislative or regulatory provision that would prevent investments in the People’s Republic of China (PRC),” wrote the Special Committee on Canada-China Relations

News on the Net -- Western Standard, Bio and Archives--July 2, 2024

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Documents show more than $600 million in Canadian Pension Plan (CPP) funds are in China’s electric vehicle sector — which was accused by cabinet of unfair trade practices.

The Canada Pension Plan Investment Board disclosed it held $604 million in shares in the Chinese electric vehicle sector, per Blacklock's Reporter. No reason was given. ---More...

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