Canadian Investment Giant’s PG&E Stake Plummets amid California Wildfires

Canadian Investment Giant’s PG&E Stake Plummets amid California Wildfires

The paper loss in PG&E amounts to millions of dollars A wealth manager picked a bottom that wasn’t. California’s wildfires could create even more havoc for the energy utility’s stock. The damage caused by California’s wildfires is now being felt beyond the United States. Canada’s state-owned wealth manager, Alberta Investment Management Corporation (AIMC), has lost…

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