Cppib Down $1B On Ill-Timed Royal Caribbean Cruises Investment, Filings Suggest


## [CPPIB down $1B on ill-timed Royal Caribbean Cruises investment, filings suggest: Victor Ferreira](https://business.financialpost.com/investing/cppib-down-1b-on-ill-timed-royal-caribbean-cruises-investment-filings-suggest)
> Earlier this year, Canada's largest pension plan indicated it held 8,102,492 shares in the cruise line, valued at US$1.08. Then the COVID-19 outbreak happened
## [Why the world’s largest sovereign wealth fund’s divestment from the oilsands could trigger a bigger fund exodus: Geoffrey Morgan](https://business.financialpost.com/commodities/energy/why-the-worlds-largest-sovereign-wealth-funds-divestment-from-the-oilsands-could-trigger-a-bigger-fund-exodus)
> 'Pulling investments from the oil sands and claiming it's for climate change reasons is more about publicity than fact' — Cenovus Energy CEO
## [Ottawa wants equity option from public companies borrowing through new loan program for big businesses: The Logic](https://business.financialpost.com/news/fp-street/ottawa-wants-equity-option-from-public-companies-borrowing-through-new-loan-program-for-big-businesses)
> The federal government will seek warrants that are convertible to equity or cash equivalents through its Large Employer Emergency Financing Facility
## [Stocks are getting hammered after Jerome Powell was more pessimistic than market expected: Reuters](https://business.financialpost.com/investing/wall-street-falls-on-powells-grim-outlook-3)
> 'The market took away that maybe there's more bad news out there than they'd been pricing in'
## [Canada’s twin crisis — and what a path to recovery looks like: Larysa Harapyn](https://business.financialpost.com/news/economy/canadas-twin-crisis-and-what-a-path-to-recovery-looks-like)
> Todd Mattina, Chief Economist and Senior Vice President at Mackenzie Investments, speaks about what an economic recovery might look like
## [Sorry, ma’am, that dress is in quarantine: How clothing stores are prepping for a strange new reality: Victor Ferreira](https://business.financialpost.com/news/retail-marketing/sorry-maam-that-dress-is-in-quarantine-how-clothing-stores-are-prepping-for-a-strange-new-reality)
> From making appointments to use fitting rooms to hands-off displays in stores, shopping is about to undergo a huge shakeup
## [Investors set to lose nearly US$500B in dividends as equity income strategy takes a hit: Financial Times](https://business.financialpost.com/investing/investors-set-to-lose-nearly-us500b-in-dividends-as-equity-income-strategy-takes-a-hit)
> Investors have not yet grasped the pressure regulations will have on dividends
## [StatsCan suspends government’s preview of key jobs report after April numbers leak: Geoff Zochodne](https://business.financialpost.com/news/economy/statscan-suspends-governments-preview-of-key-jobs-report-after-april-numbers-leak)
> Some may have profited from the ‘major security breach’ by getting potentially market-moving information early
## ['What's the cost of a human life?': U.S. meat-plant changes signal end of the 99-cent chicken - Financial Post: ](https://business.financialpost.com/commodities/agriculture/u-s-meat-plant-changes-signal-end-of-the-99-cent-chicken)
>
  1. 'What's the cost of a human life?': U.S. meat-plant changes signal end of the 99-cent chicken  Financial Post
  2. Infection rates were climbing at Nebraska meatpacking plants. Then health officials stopped reporting the numbers.  msnNOW
  3. ## [Chinese tech behemoth Tencent buys into Tim Hortons’ China expansion: Jake Edmiston](https://business.financialpost.com/news/retail-marketing/chinese-tech-behemoth-tencent-buys-into-tim-hortons-china-expansion)
    > Tim Hortons wants to expand from 50 to 1,500 locations and with a major competitor in trouble prospects look good
    ## [Fed’s Jerome Powell warns coronavirus could do lasting damage to economy; policy makers will need to do more: Bloomberg News](https://business.financialpost.com/news/economy/powell-says-virus-poses-lasting-harm-more-may-need-to-be-done)
    > The Fed chair in his speech outlined the worrying scenario posed by mass bankruptcies and unemployment
    ## [Posthaste: Glimpse into our post-COVID future — Tech Cold War, end of the office and revival of the Western worker - Financial Post: ](https://business.financialpost.com/executive/posthaste-glimpse-into-our-post-covid-future-tech-cold-war-return-of-stock-picking-and-revival-of-the-western-worker)
    > Posthaste: Glimpse into our post-COVID future — Tech Cold War, end of the office and revival of the Western worker  Financial Post
    ## [Judge cuts bus driver’s parenting time — and orders it take place outside — due to COVID-19 risks: Special to Financial Post](https://business.financialpost.com/personal-finance/judge-cuts-bus-drivers-parenting-time-and-orders-it-take-place-outside-due-to-covid-19-risks)
    > Adam N. Black: Mother had cut off in-person access to children because she worried about virus exposure for her kids and in turn, her elderly parents
    ## [‘An absolute boom’ for Alberta: Is plastic fantastic again in the age of coronavirus?: Geoffrey Morgan](https://business.financialpost.com/commodities/energy/an-absolute-boom-is-plastic-fantastic-again-in-the-age-of-coronavirus)
    > The global oil crash has gutted much of Alberta’s economy but there is one sector experiencing a surge: the province’s petrochemical industry
    ## [Five reasons why a personal website might be better than LinkedIn for career building: Postmedia](https://business.financialpost.com/personal-finance/taxes/five-reasons-why-a-personal-website-might-be-better-than-linkedin-for-career-building)
    > A personal website remains the best way to flaunt your unique skillset and boost your employment prospects. Now it's easier than ever to get your own site up and running.
    https://secure.gravatar.com/blavatar/b4ece3189893389a03f063830eacd95c?s=200&ts=1589408706
    ## [World's Biggest Wealth Fund Dumps $3 Billion in Fossil Fuels - Financial Post: ](https://business.financialpost.com/pmn/business-pmn/worlds-biggest-wealth-fund-extends-battle-against-coal-miners)
    > (Bloomberg) — Norway’s $1 trillion wealth fund is doubling down on its climate action by making deeper cuts to its fossil fuel exposure.The exclusions span some of the world’s big…
    ## [Why Statistics Canada’s leak is about government integrity, not just a few numbers: Kevin Carmichael](https://business.financialpost.com/news/economy/why-statistics-canadas-leak-is-about-government-integrity-not-just-a-few-numbers)
    > Kevin Carmichael: If Bains is serious about preventing future leaks, he will make the politicos wait until the official release like the rest of us
    ## [Twitter says employees can work from home even after the pandemic is over: Bloomberg News](https://business.financialpost.com/technology/personal-tech/twitter-says-employees-can-work-from-home-even-after-the-pandemic-is-over)
    > CEO Jack Dorsey said Twitter was unlikely to open its offices before September
    ## [Shopify is Canada’s most valuable publicly-listed company. Now what?: Larysa Harapyn](https://business.financialpost.com/technology/shopify-is-canadas-most-valuable-publicly-listed-company-now-what)
    > Financial Post’s James McLeod on the rise of Shopify in the wake of the pandemic. Now that it has a market cap bigger than Royal Bank, how does it stay on top?
    ## [How to partially pandemic-proof your portfolio: David Kaufman: Larysa Harapyn](https://business.financialpost.com/investing/how-to-partially-pandemic-proof-your-portfolio-david-kaufman)
    > David Kaufman speaks about the big investing lessons he's learned during this pandemic
    [news curation]@wakanda-forever

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