News Analysis
Canada’s government acknowledges that the significant investments they seek in Canadian businesses and infrastructure must come mostly from the private sector. But in fact for decades, the country’s pension funds have been considerably reducing their domestic investments, a trend the feds and regulation are being taken to task for.
Tony Loffreda, independent senator from Quebec and former vice chairman of RBC Wealth Management, on May 12 asked the government’s representative in the Senate, Marc Gold, what the feds could do to incentivize Canada’s pension funds to invest more in Canada “without necessarily regulating free enterprise.”
“If pension funds were to inject billions of dollars into our Canadian companies at a greater rate, it would have the potential of increasing productivity and growth, accelerating innovation and technology, fuelling competition, and attracting further investments—and perhaps more importantly—help raise the standard of living Canadians,” Loffreda said during question period….
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