Canadian Liberal Government Looking into Spending of Pension Plan Funds to Grow the Economy

100 executives from Canada's business community urged Finance Minister and Deputy PM Chrystia Freeland to incentivize funding of domestic investment using pension plans as their untapped resource.

Peter Letko, of Letko Brosseau Global Investment, wants a reserve system that takes money from investments to make it cheaper to invest domestically. Effectively punishing foreign investments.

Instead of creating rules forcing pensions to invest domestically, they should investigate why Canadian companies and projects aren't appealing investment opportunities.

Article:
https://globalnews.ca/news/10357187/budget-2024-canada-pension-funds-domestic-investment/