{"id":17377,"date":"2019-11-01T09:27:30","date_gmt":"2019-11-01T13:27:30","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/caisse-investing-in-quebec-agricultural-cooperative-138185"},"modified":"2019-11-01T09:27:30","modified_gmt":"2019-11-01T13:27:30","slug":"caisse-investing-in-quebec-agricultural-cooperative","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/11\/01\/caisse-investing-in-quebec-agricultural-cooperative\/","title":{"rendered":"Caisse investing in Quebec agricultural cooperative"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2019\/10\/11149603_l.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>The&nbsp;Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is investing in La Coop F\u00e9d\u00e9r\u00e9e, the largest agri-food enterprise in&nbsp;<span class=\"xn-location\">Quebec and<\/span>&nbsp;the only&nbsp;<span class=\"xn-location\">Canada<\/span>-wide agricultural cooperative.<\/p>\n<p>The investment \u2014 alongside the Fonds de solidarit\u00e9 FTQ, Fondaction and Desjardins Capital \u2014 of $300 million takes the form of preferred shares.<\/p>\n<p>\u201cThe agri-food industry, at the very heart of people\u2019s day-to-day life, is an important driver for Quebec\u2019s economy,\u201d said Marc Cormier, executive vice-president and head of fixed income at the Caisse, in a press release. \u201cThis investment will allow La Coop F\u00e9d\u00e9r\u00e9e, one of the world\u2019s largest agri-food cooperatives, to pursue its growth strategy while generating stable revenues for our depositors over the long term.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/navigating-the-complexities-of-investing-in-agriculture-96360\">Navigating the complexities of investing in agriculture<\/a><\/strong><\/p>\n<p>Founded in 1922, the Coop represents more than 120,000 members, agricultural producers and consumers.<\/p>\n<p>\u201cBy supporting the growth of La Coop F\u00e9d\u00e9r\u00e9e, the Fonds de solidarit\u00e9 FTQ is also supporting&nbsp;[its] 120,000 members, mostly&nbsp;[small and medium-sized enterprises] that help Quebec\u2019s regions prosper,\u201d said&nbsp;Ga\u00e9tan Morin, president and&nbsp;chief executive officer&nbsp;of the Fonds de solidarit\u00e9 FTQ.<\/p>\n<p>\u201cThis investment in unsecured capital by the Fonds, in partnership with other Quebec-based institutions, contributes to Qu\u00e9bec\u2019s economic development and supports jobs.\u201d&nbsp;<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/psp-takes-majority-stake-in-australian-farm-business-124381\">PSP takes majority stake in Australian farm business<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-investing-in-quebec-agricultural-cooperative-138185\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is investing in La Coop F\u00e9d\u00e9r\u00e9e, the largest agri-food enterprise in&nbsp;Quebec and&nbsp;the only&nbsp;Canada-wide agricultural cooperative. The investment \u2014 alongside the Fonds de solidarit\u00e9 FTQ, Fondaction and Desjardins&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17377"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17377"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17377\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}