香蕉视频直播

Skip to content

Ottawa to remove investment cap for Canadian pension funds

It currently restricts pension funds from owning more than 30% of the voting shares of a Canadian entity
web1_20241210101236-20241210101232-67585f4b0b016ff1caa511aajpeg
Deputy Prime Minister and Finance Minister Chrystia Freeland speaks with reporters in Ottawa, Tuesday, Dec. 10, 2024. THE CANADIAN PRESS/Adrian Wyld

Finance Minister Chrystia Freeland says the upcoming fall economic statement on Monday will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting shares of a Canadian entity.

Freeland says this will make it easier for Canadian pension funds, which have more than $3 trillion in assets, to make significant investments in Canadian entities. The federal government plans to consult with the provinces on the treatment of provincially-regulated pension plans during the development of regulatory amendments.

Ottawa is also introducing measures such as launching a fourth round of the Venture Capital Catalyst Initiative with $1 billion in funding available in 2025-26, providing up to an aggregate of $1 billion to invest in mid-cap growth companies, and unlocking up to $45 billion in aggregate loan and equity investments for certain AI data centre projects.

The announcement also includes potentially lowering the threshold that limits municipal-owned utility corporations from attracting more than 10 per cent private sector ownership, which Ottawa says would help Canadian pension funds acquire a higher ownership share.

The government will also consult airports and pension funds on potential ways to further incentivize investment on airport lands, such as by making changes to airport authority ground leases.

The deputy prime minister says Canada is 香蕉视频直播渋n a global fight for capital,香蕉视频直播 especially as the incoming Trump administration seeks to create 香蕉视频直播渆conomic uncertainty outside the United States as a strategy to discourage investment anywhere other than the United States.香蕉视频直播

The Canadian Press

Breaking News You Need To Know

Sign up for free account today and start receiving our exclusive newsletters.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google and apply.

Reset your password

This site is protected by reCAPTCHA and the Google and apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up




(or

香蕉视频直播

) document.head.appendChild(flippScript); window.flippxp = window.flippxp || {run: []}; window.flippxp.run.push(function() { window.flippxp.registerSlot("#flipp-ux-slot-ssdaw212", "Black Press Media Standard", 1281409, [312035]); }); }