Hands off my pension! That includes you, Chrystia Freeland

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2 months ago Market News - RSS Feed

If governments think pension plans under-invest in this country, they should make our taxes and regulations more investment-friendly

Published Mar 12, 2024 • 4 minute read

Finance Minister Chrystia Freeland said in her fall economic statement that “The federal government will work collaboratively with Canadian pension funds to create an environment that encourages and identifies more opportunities for investments in Canada by pension funds.” Photo by Adrian Wyld /The Canadian Press

Last week, 92 prominent senior executives, investment managers and individual investors signed an open letter to the federal and provincial ministers of finance expressing concern with “the decline in Canadian investments by pension funds and its impact on the Canadian economy.” Aggregate public and private Canadian equity investments are down to about a tenth of the total of more than $3 trillion in total pension assets.

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William Watson

2024-03-12 14:01:42

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