A group of nearly 100 Canadian business leaders is calling on Federal Finance Minister Chrystia Freeland and her provincial counterparts to “amend the rules governing pension funds to encourage them to invest in Canada.”
The open letter says forcing Canada’s biggest pension plans to allocate a greater portion of the billions of dollars in investments they hold to Canadian companies would strengthen the domestic economy, and the funds themselves in turn.
Concentrated risk, limited opportunity
The proposal is being presented as a win-win but a Canada quota would restrict investments made by pension plan managers to less than three per cent of global equities; roughly two-thirds of which are directly tied to the finance and…
