High priced veggies 🥦 — CPPIB gets into houses. Food is getting more expensive. Evergrande is in default.

Canada Pension Plan Investment Board (CPPIB) struck a US-$1 billion deal to invest in single-family homes in the U.S, the pension fund's first entry into the market. A recent report found that the average grocery bill for a family of four will jump by $966 in 2022. Credit rating firm Fitch Ratings declared Evergrande is in default after it missed deadlines for coupon payments, or the interest it owes on bonds.Celebrating something? Let us know for a shoutout here: https://thepeak.typeform.com/to/GuHjLDoaThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.