Canada lifts 30% pension fund investment cap
The federal government has announced plans to remove the long-standing cap that restricts Canadian pension funds from owning more than 30% of voting shares in a Canadian entity, finance minister Chrystia Freeland revealed during a press conference in Toronto on Friday. This change, part of Monday’s fall economic statement, is part of a push to increase domestic investment and leverage the vast resources of Canadian pension funds. “Canadian pension funds have over $3 trillion in assets and some of the world’s...
