Yesterday when I wrote todays blog story (see below), I mentioned Jack Layton's NDP seem to forget that many pension funds have a big stake in the very companies he wishes to increase taxes on. Now in todays news is a story about a couple large pension funds about to make a major acquisition of a forestry and land company.
British Columbia Investment Management Corp. and the Public Sector Pension Investment Board agreed to acquire lumber producer TimberWest Forest Corp. (TWF-U) for C$910 million ($951 million).
To read the full Times Colonist story click HERE:
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