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Canada to End 30% Stake Limit for Pension Fund Investments
BY Connect Newsroom, Dec 13, 2024 8:23 PM - REPORT AN ERROR
Finance Minister Chrystia Freeland announced on Friday that the limit will be removed in the mini-budget to be presented on Monday. (Photo: The Canadian Press)
Prime Minister Justin Trudeau’s government plans to end the rule limiting pension fund holdings in Canadian institutions to 30% as part of a broader strategy to boost domestic investment.
Finance Minister Chrystia Freeland announced on Friday that the limit will be removed in the mini-budget to be presented on Monday. This change would enable the Canada Pension Plan to make larger investments in Canadian institutions, which collectively hold over $3 trillion in assets.
The government also intends to permit pension funds to take larger ownership stakes in municipally owned utility corporations. Additionally, Freeland stated that they are exploring ways to encourage investment in airports.
This move comes as Canada seeks to strengthen its domestic investment strategy amid economic uncertainties.
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