CANADA - The Caisse de dépôt et placement du Québec has invested C$200m ($201m) in local insurer Industrial Alliance, Insurance and Financial Services as part of its strategy to invest more heavily in Québec-based companies.
The pension fund manager said yesterday it bought a block of 6 million common shares of the firm. Industrial Alliance has been based in Québec City since 1892 and administers over C$70bn in assets....
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