Annual Management Report 1983 (CDPQ)

Summary

• The effective rate of return on depositors' equity was 17.2%, against 34.5% the year before.p.2
• The effective return of 17.2% exceeded inflation of 4.5%, and the average compound rate over 8 years was 12.3%.p.8
• Holdings of variable-income securities increased by $882 million during the year.p.8
• Depositors' equity at realization value reached $18.9 billion, up $2.9 billion during the year.p.14

Key insights

1. Housing starts in Quebec rose from 21,500 units in 1982 to 40,000 units in 1983.p.13
2. The Régie des rentes du Québec drew $157 million from its investment income of $958 million, for the first time in its history.p.15
3. The government employees' pension plan (RREGOP) held $3.2 billion, or 19.4% of depositors' equity.p.18
4. The Quebec economy created 129,000 jobs between December 1982 and December 1983.p.13