Quebec’s pension fund manager reports loss of 5.6 per cent in 2022
The environment is going to become difficult for stock markets, predicted Emond, who said rates will have to go up a bit more to contain stubborn inflation, and there will be an economic slowdown.Click to share quote on Twitter: "I had said that 2022 would be historically demanding. The year 2023 won't be very different."
Senior vice-president and head of liquid markets Vincent Delisle said investors are nursing hope that central banks will temper their ardour. He said the market isn’t ready to swallow the tough pill on offer from central banks, and there’s a risk the market will be a little disappointed.Emond also said the Caisse has given up on cryptocurrencies after its misadventure with Celsius Network.
“We won’t do that again,” Emond said when asked about how the Caisse will manage cryptocurrency risks in the future. He added that the Caisse has filed a legal complaint against the platform for “false and misleading information” on its financial situation.
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