January 2026

Canada Pension Plan’s investment arm criticized over funding for Elon Musk’s xAI, maker of Grok

The Canada Pension Plan Investment Board (CPPIB) is facing criticism for having provided $300 million US for the funding of infrastructure for Elon Musk's xAI, the company behind the controversial Grok artificial intelligence chatbot tool. Musk's xAI has been at the centre of controversy in recent months, after it was discovered that Grok made it possible for people to create sexualized and nonconsensual images of others — including minors. Amid widespread backlash, xAI put some restrictions in place on the...

After FTX collapse, Canada’s pension giants swore off crypto — until now when they quietly started circling back

When the Ontario Teachers’ Pension Plan (OTPP) and Caisse de dépôt et placement du Québec (CDPQ) wrote down their multimillion-dollar stakes in the failed FTX exchange in 2022 (1), it marked a turning point in Canadian institutional investing (2). For most pension executives, the message was clear: Stay far away from crypto. Yet three years later, the tone is shifting. The world’s largest institutional investors — from BlackRock to Singapore’s GIC — are increasing exposure to tokenized assets and digital...

November 2025

Canada. We’re not ready for an aging population — and it’s going to cost us

If there’s a single word that defines the Carney government’s first budget, it has to be “generational.” Canada, we’re told, is facing a “generational” shift, one that requires a “generational” investment strategy featuring “generational” investments. But while the word itself appears 45 times in the nearly 500 page document, it’s never actually used to directly address the true generational challenge we face: a rapidly aging population. This was, and is, a huge missed opportunity. The public is more attuned than...

October 2025

Canada’s largest pension investment manager sued over alleged climate risk mismanagement

Toronto, Ont./ Traditional territories of several First Nations including the Williams Treaties First Nations, Huron-Wendat, the Anishnaabeg, Haudenosaunee, Chippewas, and the Mississaugas of the Credit First Nation — Four young people in Canada are taking the sixth largest pension fund manager in the world to court, claiming it is breaching its duty to invest in their best interests by failing to protect their pensions from climate risk. Represented by lawyers from Ecojustice and Goldblatt Partners LLP, Aliya Hirji, Travis Olson,...

September 2025

The climate crisis might jeopardize your retirement: Experts warn Canada’s pension watchdog is underestimating risks

Wildfires, floods and other severe weather events are not going away, they are only becoming more common, part of what scientists have been warning for decades. The economic shocks of changing oceans, the jet stream and the loss of our polar ice caps, as well as mass glacial loss in Canada turning our forests into tinder boxes, will only get worse as global temperatures blow past the tipping point that marked severe planetary distress. For those who have to plan...

Why some of Canada’s biggest pensions are slamming the brakes on U.S. real estate investment

Two of Canada’s largest pension funds say it is getting harder to justify investing in real estate south of the border, but the enormity of the market keeps the United States on their radar. Real estate executives from the Healthcare of Ontario Pension Plan (HOOPP) and Alberta Investment Management Corp. (AIMCo), members of Canada’s Maple Eight with close to $300 billion in assets between them at year-end, told a real estate conference run by NAIOP, known as the Commercial Real Estate Development Association, that they...

Canada. Half of retirement income now depends on private savings

Canada’s affordability crisis is leaving many households unable to save for retirement, while outdated public policies no longer reflect current realities. The Securities and Investment Management Association (SIMA) has released an action plan that calls for reform to strengthen Canada’s retirement savings framework and close gaps in the system. Andy Mitchell, SIMA’s president and CEO, said “Our plan lays out achievable, evidence-based strategies that will boost retirement security, enhance flexibility, reduce pressure on public programs, and support long-term economic growth.” He added...

August 2025

Canada. Outdated retirement system could leave many financially struggling, investment management group says

A leading investment industry group is calling for policy changes to update Canada’s retirement income system, warning that without reforms, many Canadians may fall short of what they need in retirement. In a report released Wednesday, the Securities and Investment Management Association (SIMA) said that the current retirement income system hasn’t kept pace with longer lifespans, higher living costs and the decline of workplace pensions. To address these issues, the group recommends policy changes aimed at supporting private savings, including raising...

July 2025

Roadmap for Retirement: The Case for a National Pension Dashboard

By Kathryn Bush Retirement planning is getting harder for Canadians as more savings shift to definedcontribution plans, and account information is scattered across institutions. Given current financial literacy levels in Canada, many people struggle to understand what they'll have to live on in retirement. A pension dashboard could help by bringing all their retirement savings and benefits into one place. A pension dashboard is a government or government-sanctioned online tool that shows individuals all their retirement income sources-including government benefits,...

June 2025

Canada. 2025 Top 100 Pension Funds Report: What are the latest trends in de-risking as DB plans enter surplus territory?

The Canadian pension risk transfer market reached record-breaking demand in 2024 with $11 billion in deals at the end of the year, eclipsing the $7.8 billion combined total of annuities transactions in 2023 and 2022. Indeed, the fourth quarter of 2024 alone saw $5.2 billion of overall transactions, split between $1.5 billion in buy-ins and $3.5 billion in buyouts, according to a March report by Telus Health. The push to de-risk is expected to grow in strength over the next year, despite...