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Canada Post's pension plan invested in Xylem Inc., a company reporting strong financial growth.
Canada Post's pension plan bought $393,000 worth of Xylem Inc. stock, adding 3,384 shares to its portfolio.
Xylem, a company focused on water and industrial products, reported strong quarterly earnings, exceeding analysts' expectations with a net margin of 10.40% and revenue up 8.6% year over year to $2.30 billion.
The investment comes as Rockefeller Capital Management reduced its holdings in Xylem by 4.3%.
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El plan de pensiones de Canada Post invirtió en Xylem Inc., una empresa que ha registrado un fuerte crecimiento financiero.