Clarification by the Caisse de dépôt et placement du Québec regarding an article by Francis Vailles of La Presse



    MONTREAL, Nov. 9 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec would like to clarify an article published today in La Presse under the
byline of Francis Vailles with a heading that translates as "Commercial paper
losses of up to $5 billion."
    The article states two things: first, that the Caisse and National Bank
have formed a committee to estimate the value of their holdings of
asset-backed commercial paper (ABCP) and, second, that that committee has
concluded that such assets will most likely have to be written down by almost
15%. Both statements are false. Such a committee does not exist and never has
existed, and therefore could not have arrived at such a conclusion.
    The author of the article did not try to contact the Caisse to confirm
the accuracy of the information he published.




For further information:

For further information: Gilles des Roberts, (514) 847-2175


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