Stock news for investors: Air Canada Q3 profit plunges to as strike weighs on results + MORE Nov 8th
Young Canadians sue CPP Investments over climate risks
– moneysense.ca
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada Pension Plan is breaching its duty to invest in their best interest, and subjecting their contributions to undue risk of loss by its approach. “I do not want to be suing my pension manager, but I want to retire on a stable pension into a livable future,” said 20-year-old Aliya Hirji, one of the four plaintiffs, at a news conference in Toronto.
CPP faces lawsuit on fossil fuel ties
The lawsuit, filed with the support of Ecojustice and Goldblatt Partners LLP, claims CPP Investments is drastically underestimating the financial implications of climate change, as well as worsening its harms by continuing to invest in the expansion of fossil fuel production.
Karine Peloffy, a lawyer and sustainable finance lead at Ecojustice, said the lawsuit will be a legal test on how the fund should approach climate risks, given its obligations…
Stock news for investors: RBI earnings rise as Tim Hortons and international growth boost results
– moneysense.ca
Here’s a round-up of news for Canadian investors this week.
Restaurant Brands International
Parkland
Wealthsimple
Cameco
Algoma
Corus
Spin Master
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