Skip to Main content

7.92°^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

b-c-ndp-pledges-legally-enforced-nurse-to-patient-ratios-in-hospitals

B.C. NDP Pledges Legally Enforced Nurse-to-Patient Ratios in Hospitals

B.C. NDP Leader David Eby announced during a campaign event in Vancouver on Thursday morning that his party would legally establish nurse-to-patient ratios in hospitals, setting limits on the number of patients each nurse can care for. Eby said the policy would initially be implemented in emergency departments. He also claimed that British Columbia is the first province in Canada to offer such a guarantee, adding that more than 4,700 nurses have already been added to the health-care system under the initiative. As part of its election platform, the NDP is also promising to add 1,000 new traini

bc-conservative-leader-lorne-doerkson-accuses-ndp-of-failing-surrey-residents

BC Conservative Leader Lorne Doerkson Accuses NDP of Failing Surrey Residents

BC Conservative Leader Lorne Doerkson has sharply criticized David Eby’s BC NDP government, accusing it of making empty promises to Surrey residents over the past nine years. Doerkson said Surrey continues to face overcrowded schools, emergency room closures, a shortage of doctors and a growing extortion problem. He alleged that the Eby government has failed to deliver on its promises to the city, while major projects have gone over budget and areas such as Newton have been neglected. Unveiling his Surrey Success Plan, Doerkson pledged that a BC Conservative government would fulfill its comm

punjab-cms-osd-rajbir-ghuman-skips-cbi-questioning-in-alleged-corruption-case

IndiaOct 22, 2026

Punjab CM’s OSD Rajbir Ghuman Skips CBI Questioning in Alleged Corruption Case

Rajbir Singh Ghuman, Officer on Special Duty (OSD) to Punjab Chief Minister Bhagwant Mann, did not appear before the Central Bureau of Investigation (CBI) office in Chandigarh for questioning in an alleged corruption case. This is the third time the CBI has summoned Ghuman for questioning. During two previous sessions, the agency reportedly asked him a total of 90 questions. Meanwhile, senior Shiromani Akali Dal leader Bikram Singh Majithia targeted the Punjab government over allegations of corruption. He called for investigations into various matters, including alleged bribery in the transfer

CanadaOct 22, 2026

Direct Flights Between Canada and Türkiye to Nearly Double

Canada and Türkiye have signed a new air transport agreement to increase passenger flights between the two countries. Canadian Prime Minister Mark Carney announced that trade negotiators from both countries will begin discussions in Ankara next month to lay the groundwork for a first round of free trade agreement talks. Carney said bilateral trade between Canada and Türkiye has increased by 50 per cent over the past five years, highlighting significant potential for further growth. During his meeting with Turkish President Recep Tayyip Erdoğan, Carney also signed a defence cooperation agree

AlbertaOct 22, 2026

Alberta Reports Sharp Rise in Flu Cases, 5 Deaths and 26 ICU Admissions

Alberta is seeing a significant rise in influenza cases well before the official flu season begins. As of October 11, the province had recorded 366 laboratory-confirmed flu cases, compared with just 42 during the same period last year. Hospitalizations have also increased, with nearly 300 Albertans hospitalized due to influenza since August. Among them, 26 patients, including two young children, have required intensive care. Five people have died from influenza since August, including four in the Calgary zone. Flu vaccines became available to the general public on October 19. So far, approxima

Related News

Direct Flights Between Canada and Türkiye to Nearly Double

Direct Flights Between Canada and Türkiye to Nearly Double

Canada and Türkiye have signed a new air transport agreement to increase passenger flights between the two countries. Canadian Prime Minister Mark Carney announced that trade negotiators from both countries will begin discussions in Ankara next month to lay the groundwork for a first round of free trade agreement talks. Carney said bilateral trade between Canada and Türkiye has increased by 50 per cent over the past five years, highlighting significant potential for further growth. During his meeting with Turkish President Recep Tayyip Erdoğan, Carney also signed a defence cooperation agree

Air Canada to Cut Five U.S. Routes in 2027 Amid Falling Demand

Air Canada to Cut Five U.S. Routes in 2027 Amid Falling Demand

Air Canada has announced plans to gradually discontinue several U.S. routes, including all direct flights to South Carolina, citing declining passenger demand and rising operating costs. Starting in 2027, the airline will cancel services on five routes, including flights from Vancouver to Nashville and Raleigh-Durham, as well as Toronto Pearson to Charleston. The decision is expected to affect Canadian “snowbirds” who travel to South Carolina during the winter months. The Toronto–Charleston route was the only direct flight connecting Canada to the city. Air Canada said it is adjusting it

Melanie Joly Gives Cleveland-Cliffs 15 Days to Reinstate 500 Laid-Off Stelco Workers

Melanie Joly Gives Cleveland-Cliffs 15 Days to Reinstate 500 Laid-Off Stelco Workers

Canada’s Industry Minister Mélanie Joly has issued a 15-day ultimatum to Cleveland-Cliffs, the U.S. parent company of Hamilton-based steelmaker Stelco, demanding that it reinstate approximately 500 laid-off workers or face legal action. The federal government says Cleveland-Cliffs agreed not to carry out layoffs in Canada until 2029 when it acquired Stelco in 2024. However, the company has defended the job cuts by citing tariffs imposed by U.S. President Donald Trump on Canadian steel. Joly has warned that the government could take the matter to court, potentially forcing Cleveland-Cliffs t

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital