Opinion: Should Canadian pensions invest more in Canada, less abroad?
While the Canadian government's desire to encourage local investments by pension funds is understandable, it shouldn’t come at the cost of undermining the independence, diversity and returns prospects of investments.
The Canadian federal government is keen to encourage its pension funds to increase their domestic investment portfolios, a move that is causing a stir within the investment community.
The government pledged in its 2023 Fall Economic Statement that it would work collaboratively with Canadian pension funds to create an environment that encourages them to put more of the billions of dollars in assets they collectively manage to work on home soil.
The government’s push for increased…
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