Episode Details
Back to EpisodesCorrection ✏️ — The CPPIB didn’t do that bad. Russian oil is doing okay. And Canada’s housing market may be stabilizing.
Episode 1
Published 3 years, 9 months ago
Description
The Canada Pension Plan Investment Board (CPPIB) saw its funds drop by 4.2% last quarter or roughly $16 billion—which sounds a lot worse than it actually is.
According to the International Energy Agency (IEA), Western sanctions have had a limited impact on Russia’s oil exports, which is also its biggest money maker.
The average price of a Canadian home is projected to fall by ~25% by the end of 2023 from all-time highs this past February, per a new report from Desjardins.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.