Canada’s top business executives urge pension funds to ramp up domestic investments ...Middle East

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Canada’s top business executives urge pension funds to ramp up domestic investments
More than 90 top Canadian business leaders have signed an open letter to the country’s finance minister and her provincial counterparts on Wednesday, urging the need to address the decline in domestic investments by pension funds. “We are concerned with the decline in Canadian investments by pension funds and its impact on the Canadian economy. Millions of Canadians have contributed to their pensions with wages earned in Canada,” the letter said. The country’s pension funds have cut holdings of publicly-traded Canadian companies to less than 4 per cent of total assets at the end of 2023 from 28 per cent at end-2000, it added. Prominent signatories of the letter included Nationa

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