2017 Annual Report

Investing in
Fundamental Values

The world changes. Markets fluctuate. Uncertainty persists. More than ever, we need to be ready. Focused on our strategy to produce sustainable returns for our clients.

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Net assets

as at December 31, 2017

$298.5 B
2017 highlights
10.2%
Five-year annualized return
$109.7 B
Net investment results over five years
 
9.3%
2017 Return
$24.6 B
Net investment results in 2017
AAA

Highest credit ratings reaffirmed

The DBRS, Standard & Poor’s and Moody’s ratings agencies have reaffirmed the credit ratings of la Caisse and CDP Financial with a stable outlook.

Caisse net assets from 2012 to 2017

(in billions of dollars)

Évolution de l’actif net de 2012 à 2017
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Result by asset class

We focus on quality assets in all classes

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Global footprint

We build
long-term partnerships

in promising sectors around the world

Download the 2017 Annual Report
$192 B

Caisse exposure to global markets, up $109 billion since the end of 2012

 
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Réalisations de 2016
Some of our 2017 achievements
 
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Ancrés au Québec
Rooted in Québec

We actively engage with
Québec’s private sector,

as it is a powerful engine of economic growth

750+

Number of la Caisse’s partners – including more than 650 SMEs

The three pillars of our strategy
Growth and globalization

We finance and support Québec companies of all sizes in their growth an expansion projects, in Québec and internationally, particularly through our global network.

Impactful projects

We undertake impactful projects, particularly in real estate and infrastructure, which, in addition to producing good returns, also generate concrete benefits for the Québec economy.

Innovation and the next generation

We put a special emphasis on innovation and the next generation, developing ecosystems to work with SMEs that will succeed in the new economy and promote the vitality of entrepreneurship.

Some of our 2017 achievements
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Behind our clients are quebecers

Our sustained returns and added value

generated by our active management meet the needs of our depositors and benefit all Quebecers

Our principal depositors

Finances Québec Régime de retraite des employés du gouvernement et des organismes publics Retraite Québec Commission de la construction du Québec Commission des normes, de l'équité, de la santé et de la sécurité du travail Société de l'assurance automobile du Québec Régime de retraite du personnel d'encadrement
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Depositors
entrust their funds to la Caisse

They are primarily retirement funds and insurance plans.

Together they distribute benefits to more than

2 million Quebecers

For our eight main clients, we generated returns that vary between

8.7% and 11.5%

OVER 5 YEARS

8.0% and 10.9%

IN 2017

Our principal depositors

Finances Québec
Régime de retraite des employés du gouvernement et des organismes publics
 
Retraite Québec
Commission de la construction du Québec
 
Commission des normes, de l'équité, de la santé et de la sécurité du travail
Société de l'assurance automobile du Québec
 
Régime de retraite du personnel d'encadrement
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REM: An impactful project for Québec

Réseau express métropolitain

In 2017, we achieved several key milestones in this innovative project that will generate significant economic benefits for Québec:

  • $4 B in Québec content
  • 34,000 jobs created during construction
  • $2 B salaries paid
  • 1,000 permanent jobs created

The REM will also foster a centre of expertise in the greater metropolitan area related to the operation and maintenance of automated electric transit infrastructure.

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2017 Annual Report

Detailed and complete information about the annual report can be found in PDF format.

Download the 2017 Annual Report Download the 2017 Annual Report – Additional Information
Annual Report 2017

2017 Stewardship Investing Report

 

Download the 2017 Stewardship Investing Report
Stewardship Investing Report 2017

All annual reports

For details of our returns, assets and investment activities, consult our annual reports.

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