Companies that make assault rifles, handguns, bullets among CPP investments

Apparently this has really upset a lot of Canadians:

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"Canadians who want to steer clear of investing in gun companies are out of luck if they pay into the Canada Pension Plan.

CPP owns shares in American firearm manufacturers, including the parent company of handgun manufacturer Smith & Wesson, assault rifle maker Ruger and Olin Corp., which produces ammunition for the AR-15, the weapon of choice for many perpetrators of mass shootings.

The holdings are highlighted in a new report coming from Corporate Knights, a Canadian magazine focused on ethical investing, and come after another bloody weekend in the U.S., where seven people were killed and 25 injured in a mass shooting in west Texas.

"CPP does have systems in place to weed out some ethically egregious stocks," said Toby Heaps, who publishes Corporate Knights. "But I think they've made a call that there's not necessarily a consensus on gun stocks."

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https://www.cbc.ca/news/business/cpp...ocks-1.5264497

As long as the dividends keep rolling in,I don't have an issue with it. It's not like we're investing in Mexican drug cartels.

What’s the problem? I buy legal products from all those companies.
CBC spreading garbage again.

I'm sure the Lefties want to.

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Originally Posted by trimmer21

As long as the dividends keep rolling in,I don't have an issue with it. It's not like we're investing in Mexican drug cartels.

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Originally Posted by MikePal

Apparently this has really upset a lot of Canadians:



https://www.cbc.ca/news/business/cpp...ocks-1.5264497

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"Unfortunately, it's quite common that guns are inside of mutual funds and ETFs [exchange-traded funds], unless you have a mutual fund that is explicitly socially responsible," Nash said


Why is investing in guns deemed not to be socially responsible? How does purchasing a gun made you somehow not socially responsible? In my mind a gun is a tool, not something that jumps off the table and kills someone. In the minds of too many the latter possibility of that statement appears to be the reality of the gun. Guns have somehow developed the notoriety of being some type of inanimate killing machines that are not socially responsible. It follows along in the same mentality that has been used to separate the sin from the sinner. It has made the gun a sin.


You don’t stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut

I think it is socially responsible to support and invest in companies like Colt Canada (Kitchener) as they make firearms for some of the most elite military units and police services in the world, providing tools for the people of those professions that keep us all safer.

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Originally Posted by MikePal

I think it is socially responsible to support and invest in companies like Colt Canada (Kitchener) as they make firearms for some of the most elite military units and police services in the world, providing tools for the people of those professions that keep us all safer.

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Well MikePal, I believe Allan Rock would certainly endorse that view. As I recall when the Liberals shoved Bill C-68 down our throats. Rock was the leading advocate of the notion, that only the police and the military were worthy of firearms, the rest of us sods seem to lack the sophistication to be worthy of gun ownership and use. I still have the black on orange yard sign in the shed that reads REMEMBER BILL C- 68. It an enduring reminder of the belittling attitude liberal have with respect to us firearm owners.


You don’t stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut

Well...

CPP is a managed portfolio like any other investment vehicle.

While it is in the interest of it's managers to invest ethically, it is also important to distinguish where ethics and morals, stop.

A manufacturer of pharmaceuticals is extremely profitable, and a good investment. Does it mean that you shouldn't buy shares because criminals use their products to manufacture illegal narcotics?

Perhaps it would be preferable if CPP only invests in wind power, solar power, weed, and other industries which carry the cachet of being "good"...

Watch a portfolio become devalued and underfunded in record time.

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Originally Posted by Gun Nut

It an enduring reminder of the belittling attitude liberal have with respect to us firearm owners.d.

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I think your holding too narrow a point point of view...same problem the NRA has, not seeing the bigger picture. I think the letter from the CEO of Walmart outlined was the closest thing to a responsible appraoch in today's climate.


And you can relax...Colt Canada also make products for the sport shooters and hunters...

https://www.coltcanada.com/sa-models.html

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Originally Posted by MikePal

I think your holding too narrow a point point of view...same problem the NRA has, not seeing the bigger picture. I think the letter from the CEO of Walmart outlined was the closest thing to a responsible appraoch in today's climate.


And you can relax...Colt Canada also make products for the sport shooters and hunters...

https://www.coltcanada.com/sa-models.html

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Well MikePal it may be that my view point is a bit narrow, but it’s a product based upon past observation. Let me begin by saying, that I believe the jury is still out on this one. However I have observed that once the anti-gun lobby see an opening they have a dog determination to keep exploiting it. After Walmart, it really comes down to a case of what retailer to target net. The approach: holding up Walmart as being a good corporate citizen, and shaming others into following Walmart’s lead. It should work like a charm. Not only does it by-pass the question of Second Amendment Rights and the rule of law. It reduces the matter to a question of corporate ethics. If anything the SNC-Lavalin affair has come to demonstrate, that good corporate ethics appear to matter big time.

You don't stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut

Very little was said when Canadian Tire pulled the sales of the SKS off the shelves. Deemed not to be a good fit in today climate. The reason for the apathy...Cabela's, Bass Bro etc, they will still sell what ever tickles your fancy.

Walmart in the US can stop selling ammo and no one is going to blink an eye, there are lots of gas stations on every corner that sell ammo, it's right beside the Slurpee Machine. .

And throwing the old '2nd amendment' chestnut around just sounds silly....no one can force a retailer to sell a product.

So 223 is only used for killing people and nothing else, I never knew that. So I guess I should not buy a 223 for yotes as that isn't what it's used for?

Kinda like that Senator in the US who thought if they banned high capacity mags eventually they would all be used up and the problem would be solved.

I see that Colt (US) is going to stop making the A-15 platform....lots of political pressure I'm sure but they say it is economics..

I wonder if Colt Canada will follow suit...

Colt suspends production of AR-15 rifle for civilian market.

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Gun-maker Colt is suspending its production of rifles for the civilian market including the popular AR-15, the company said Thursday in a shift it attributed to changes in consumer demand and a market already saturated with similar weapons.

The company said it will focus instead on fulfilling contracts with military and police customers for rifles.

"The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity," Colt's CEO, Dennis Veilleux, said in a written statement. "Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future."

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https://www.cbc.ca/news/world/colt-a...sion-1.5290254

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Originally Posted by MikePal

I see that Colt (US) is going to stop making the A-15 platform....lots of political pressure I'm sure but they say it is economics..

I wonder if Colt Canada will follow suit...

Colt suspends production of AR-15 rifle for civilian market.


https://www.cbc.ca/news/world/colt-a...sion-1.5290254

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If you read the article it talks about not being viable economically for them. They make a very high cost AR-15 rifle and there are more than 100 companies that make an AR-15 variant.

They did this 6 or 7 years ago too then started making them again.

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Originally Posted by Fox

They did this 6 or 7 years ago too then started making them again.

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Right around the time they were in going into bankruptcy and looking for more market revenue...HaHa..