Caisse investing in Quebec agricultural cooperative
“The agri-food industry, at the very heart of people’s day-to-day life, is an important driver for Quebec’s economy,” said Marc Cormier, executive vice-president and head of fixed income at the Caisse, in a press release. “This investment will allow La Coop Fédérée, one of the world’s largest agri-food cooperatives, to pursue its growth strategy while generating stable revenues for our depositors over the long term.”
Founded in 1922, the Coop represents more than 120,000 members, agricultural producers and consumers.
“By supporting the growth of La Coop Fédérée, the Fonds de solidarité FTQ is also supporting [its] 120,000 members, mostly [small and medium-sized enterprises] that help Quebec’s regions prosper,” said Gaétan Morin, president and chief executive officer of the Fonds de solidarité FTQ.