High priced veggies 🥦 — CPPIB gets into houses. Food is getting more expensive. Evergrande is in default.
Dec 10, 2021
09:18
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Canada Pension Plan Investment Board (CPPIB) struck a US-$1 billion deal to invest in single-family homes in the U.S, the pension fund's first entry into the market. A recent report found that the average grocery bill for a family of four will jump by $966 in 2022. Credit rating firm Fitch Ratings declared Evergrande is in default after it missed deadlines for coupon payments, or the interest it owes on bonds.
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