Skip to Main content

21.21°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

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

CanadaJul 10, 2026

Charges withdrawn against Ontario man in Canada's largest gold theft case

Criminal charges against an Ontario man accused in connection with what investigators have described as Canada's largest gold theft have been withdrawn. The Ontario Ministry of the Attorney General confirmed that charges against 46-year-old Ammad Chaudhry were withdrawn in a Brampton court. Chaudhry had been arrested in 2024 and charged with theft over $5,000 and accessory after the fact. The ministry did not provide a reason for the withdrawal of the charges. According to investigators, the case stems from the April 17, 2023 theft of approximately $20 million worth of gold from an Air Canada

B.C. adds 7,800 jobs in June as unemployment rate falls to 6.5%

British Columbia's labour market added 7,800 jobs in June, while the province's unemployment rate fell by 0.3 percentage points to 6.5 per cent, according to Statistics Canada's Labour Force Survey released Friday. Statistics Canada reported that the health care sector led job growth with 8,500 new positions, followed by transportation and warehousing, which added approximately 7,300 jobs. At the same time, the accommodation and food services sector lost about 9,000 jobs, while professional, scientific and technical services shed 3,100 positions. The report also showed gains in both full-time

CanadaJul 10, 2026

Canadian Punjabi man sentenced to 20 years in U.S. for leading cross-border drug trafficking operation

A Canadian man of Punjabi origin has been sentenced to 20 years in a U.S. federal prison after admitting to leading an international drug trafficking organization that smuggled large quantities of methamphetamine and cocaine from the United States into Canada. According to U.S. court documents, 63-year-old Guramrit Sidhu pleaded guilty on March 26, 2026, to charges related to his role in the trafficking operation. He had been in U.S. custody since October 2024. Prosecutors said Sidhu led the criminal organization between September 2020 and February 2023. Investigators determined that between S

Wildfire rages out of control near Boston Bar in B.C., Highway 1 closed

Wildfire activity near Boston Bar in British Columbia's Fraser Canyon continues to pose a significant threat, with Highway 1 closed due to uncontrolled fires burning on both sides of the Fraser River. According to authorities, the closure is in place to protect public safety. Many residents have already left for safer locations, while others remain on alert as conditions continue to evolve. Amid the emergency, Jagdeep Singh Bahl, owner of JB's Drive-In Restaurant near Highway 1, has opened his restaurant earlier than usual to provide meals for wildfire crews battling the blazes. Bahl said he i

amber-alert-issued-after-alleged-abduction-of-six-year-old-near-b-c-alberta-border

Amber Alert issued after alleged abduction of six-year-old near B.C.–Alberta border

Alberta RCMP have issued an Amber Alert after the alleged abduction of a six-year-old child from northern Alberta, with investigators believing the child may now be in British Columbia, the Northwest Territories or Yukon. According to RCMP, Lanakai Morrison was allegedly taken Tuesday from Valhalla Centre, a hamlet about 63 kilometres northwest of Grande Prairie. Police said the child was last seen at about 9:30 a.m. Wednesday in Fort St. John, B.C. Investigators believe Lanakai may be with the child's 35-year-old mother, Krista Morrison, and her 35-year-old partner, Daniel Ludwig. Police also

Related News

Charges withdrawn against Ontario man in Canada's largest gold theft case

Charges withdrawn against Ontario man in Canada's largest gold theft case

Criminal charges against an Ontario man accused in connection with what investigators have described as Canada's largest gold theft have been withdrawn. The Ontario Ministry of the Attorney General confirmed that charges against 46-year-old Ammad Chaudhry were withdrawn in a Brampton court. Chaudhry had been arrested in 2024 and charged with theft over $5,000 and accessory after the fact. The ministry did not provide a reason for the withdrawal of the charges. According to investigators, the case stems from the April 17, 2023 theft of approximately $20 million worth of gold from an Air Canada

Canadian Punjabi man sentenced to 20 years in U.S. for leading cross-border drug trafficking operation

Canadian Punjabi man sentenced to 20 years in U.S. for leading cross-border drug trafficking operation

A Canadian man of Punjabi origin has been sentenced to 20 years in a U.S. federal prison after admitting to leading an international drug trafficking organization that smuggled large quantities of methamphetamine and cocaine from the United States into Canada. According to U.S. court documents, 63-year-old Guramrit Sidhu pleaded guilty on March 26, 2026, to charges related to his role in the trafficking operation. He had been in U.S. custody since October 2024. Prosecutors said Sidhu led the criminal organization between September 2020 and February 2023. Investigators determined that between S

Canada adds 18,200 jobs in June as unemployment rate falls to 6.5%

Canada adds 18,200 jobs in June as unemployment rate falls to 6.5%

Canada's labour market posted a net gain of 18,200 jobs in June, while the national unemployment rate declined to 6.5 per cent, according to Statistics Canada's Labour Force Survey released Friday. The increase follows a stronger gain of 87,800 jobs recorded in May. According to Statistics Canada, employment growth in June was driven primarily by the services sector and part-time work. The largest job gains were reported in wholesale and retail trade, as well as accommodation and food services, with younger workers benefiting the most from the hiring. Manufacturing continued to face pressure a

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital