Skip to Main content

16.21°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Ads

Dec 13, 2024 8:23 PM - Connect Newsroom

Canada to End 30% Stake Limit for Pension Fund Investments

Share On

canada-to-end-30-stake-limit-for-pension-fund-investments

Finance Minister Chrystia Freeland announced on Friday that the limit will be removed in the mini-budget to be presented on Monday. (Photo: The Canadian Press)

Prime Minister Justin Trudeau’s government plans to end the rule limiting pension fund holdings in Canadian institutions to 30% as part of a broader strategy to boost domestic investment.

Finance Minister Chrystia Freeland announced on Friday that the limit will be removed in the mini-budget to be presented on Monday. This change would enable the Canada Pension Plan to make larger investments in Canadian institutions, which collectively hold over $3 trillion in assets.

The government also intends to permit pension funds to take larger ownership stakes in municipally owned utility corporations. Additionally, Freeland stated that they are exploring ways to encourage investment in airports.

This move comes as Canada seeks to strengthen its domestic investment strategy amid economic uncertainties.

Latest news

5-major-decisions-taken-by-the-indian-government-after-the-pahalgam-attack

IndiaApr 23, 2025

5 major decisions taken by the Indian government after the Pahalgam attack

After the terrorist attack in Jammu and Kashmir, the Indian government has taken 5 major decisions against Pakistan, including closing the Attari-Wagah border and cancelling the visas of Pakistanis who came to India. Those who had received visas from Pakistan to come to India have been asked to leave India within 48 hours. Along with this, it has been decided to suspend the Indus Water Treaty signed in 1960 with immediate effect. Under this, the water of India-Indus, Chenab and Jhelum can stop Pakistan. Apart from this, India has asked the army to be on high alert.

patients-allowed-to-vote-in-hospitals-through-special-ballots

CanadaApr 23, 2025

Patients allowed to vote in hospitals through special ballots

So far, 7.3 million voters in Canada have voted through advance elections, while many have also got the opportunity to vote through special ballots. A 97-year-old voter undergoing treatment in an Alberta hospital decided to stay in the hospital for a few more days to vote through a special ballot. Yesterday, he voted in the hospital with the help of an election officer of Canada. This facility is available to those who are away from their riding due to illness and cannot walk to vote. According to Elections Canada, hospitalized patients have the right to vote from their hospital room through

quebec-not-ruling-out-expanding-religious-symbol-ban-to-daycare-workers-minister

CanadaApr 23, 2025

Quebec not ruling out expanding religious symbol ban to daycare workers: minister

The Quebec minister responsible for secularism says the government isn't ruling out expanding its religious symbols ban to include daycare employees. Jean-François Roberge says "everything is on the table" when it comes to strengthening secularism in the province, including extending the law known as Bill 21 to include more categories of public employees. However, he said today the government will wait for the recommendations from a government-appointed committee studying the issue before deciding whether to move forward. Currently, the workplace religious symbol ban applies to categories of

poilievre-takes-aim-at-prime-minister-mark-carney-and-former-prime-minister-justin-trudeau

CanadaApr 23, 2025

Poilievre takes aim at Prime Minister Mark Carney and former Prime Minister Justin Trudeau

Conservative Leader Pierre Poilievre took aim at Liberal Party Prime Ministerial candidate Mark Carney and former Prime Minister Justin Trudeau during an election campaign in Hamilton this morning, blaming them for the rise in crime in Canada and saying that this situation is a direct result of the Liberals’ drug agenda policies. During the meeting, he also mentioned the shooting death of Harsimrat Kaur Randhawa while waiting at a Hamilton bus stop last week, calling the incident shocking and senseless. Meanwhile, the Toronto Police Association has supported Pierre Poilievre. The union repr

lieutenant-vinay-narwal-dies-in-pahalgam-terror-attack

IndiaApr 23, 2025

Lieutenant Vinay Narwal dies in Pahalgam terror attack

Among those killed in yesterday's terror attack in Jammu and Kashmir's Pahalgam, 26-year-old Indian Navy Lieutenant Vinay Narwal, a resident of Haryana, also died. He had been married just 7 days ago. He had gone to Kashmir for a holiday with his wife. Narwal originally hailed from Karnal city of Haryana. He had joined the Navy three years ago. Vinay Narwal was the only son in his family. He has a younger sister, who is preparing for UPSC. After the Pahalgam attack, a picture is being shared on social media, in which a woman is sitting silently next to a dead body on the ground. This photo is

Ads

Related News

post card alt

Patients allowed to vote in hospitals through special ballots

So far, 7.3 million voters in Canada have voted through advance elections, while many have also got the opportunity to vote through special ballots. A 97-year-old voter undergoing treatment in an Alberta hospital decided to stay in the hospital for a few more days to vote through a special ballot. Yesterday, he voted in the hospital with the help of an election officer of Canada. This facility is available to those who are away from their riding due to illness and cannot walk to vote. According to Elections Canada, hospitalized patients have the right to vote from their hospital room through

post card alt

Quebec not ruling out expanding religious symbol ban to daycare workers: minister

The Quebec minister responsible for secularism says the government isn't ruling out expanding its religious symbols ban to include daycare employees. Jean-François Roberge says "everything is on the table" when it comes to strengthening secularism in the province, including extending the law known as Bill 21 to include more categories of public employees. However, he said today the government will wait for the recommendations from a government-appointed committee studying the issue before deciding whether to move forward. Currently, the workplace religious symbol ban applies to categories of

post card alt

Poilievre takes aim at Prime Minister Mark Carney and former Prime Minister Justin Trudeau

Conservative Leader Pierre Poilievre took aim at Liberal Party Prime Ministerial candidate Mark Carney and former Prime Minister Justin Trudeau during an election campaign in Hamilton this morning, blaming them for the rise in crime in Canada and saying that this situation is a direct result of the Liberals’ drug agenda policies. During the meeting, he also mentioned the shooting death of Harsimrat Kaur Randhawa while waiting at a Hamilton bus stop last week, calling the incident shocking and senseless. Meanwhile, the Toronto Police Association has supported Pierre Poilievre. The union repr

Ads

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Surrey Nagar Kirtan

BC Children's Hospital