Canada lifts restrictions on pension fund investments
Canadian Finance Minister, Chrystia Freeland, announced that the federal government is in the process of lifting restrictions on pension fund investments.
She said that “the fall economic statement, tomorrow, Monday, will remove the maximum limit that currently restricts Canadian pension funds from… Owning more than 30 percent of the voting shares in Canadian entities.”
Freeland added, in a press statement today, Sunday, that this would make it easier for Canadian pension funds make significant investments in Canadian entities.
The federal government of Canada plans to consult with the provinces on the treatment of provincially regulated pension plans while developing regulatory amendments.
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This announcement comes after a review led by former Bank of Canada Governor Stephen Poloz into stimulating domestic investment by Canadian pension funds.
She said Freeland "Canadian pension funds own more From $3 trillion in assets and some of the best investment expertise in the world.”
She continued, “ Our pension funds invest Canadian money managed by Canadians who live here, love Canada, and would love to invest more here, closer to home.”
Ottawa is rolling out other measures such as the fourth round of the Catalyst Initiative Venture capital with $1 billion in funding available in 2025-2026, and said this round would include more attractive terms for pension funds and institutional investors. Others.
The federal government also provides up to $1 billion to invest in mid-cap growth companies and opens up to $45 billion in syndicated loan and equity investments for certain projects. Data centers for artificial intelligence.
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