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Caisse chief Michael Sabia laughs, and Quebec laughs with him Add to ...

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It is still too early for Michael Sabia to have the last laugh. But that he has made it this far – with his mandate as Caisse de dépôt et placement du Québec chief just renewed until 2021 – should certainly warrant a contented grin from the man the skeptics had deemed unfit to serve.

The former BCE Inc. head is on track to become the longest-serving Caisse CEO in the politically sensitive Quebec pension-fund manager’s 52-year history. Since his counterintuitive 2009 appointment, he has silenced the critics and brought normalcy to the once chronically crisis-prone institution.

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