Briefing

Four Quebec institutional investors buy up over $100 million in CAE stock over three months

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Letko Brosseau, Jarislowsky Fraser, Fiera Capital and PSP Investments purchased about 5.8 million shares in the Montreal-based flight-simulator maker between July and September. (La Presse)

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Talking point: The investments have paid off as CAE stock rebounded in November from a COVID-19-tinged second-quarter stumble and ensuing restructuring. Part of the reason is an anticipated demand increase for pilots over the next decade. The Caisse de dépôt recently made a $150-million equity investment in CAE to support its expansion plans, which include the $70-million acquisition of Amsterdam’s Flight Simulation Company.