Skip to Main content

10.56°^C Vancouver

News Entertainment 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

relentless-journey-of-jasmine-mander-from-set-back-to-getting-back-in-the-game

Relentless journey of Jasmine Mander, from set back to getting back in the game

Jasmine Mander was 5 years old when he father, Dildar Mander, took her to a soccer field. That was her first introduction to soccer. At the time, Dildar Mander's daughter had no idea what kind of heights could be achieved in this game. The journey that started with his father taking her to the field, saw many achievements including her association with the Canadian women soccer team that won gold medal at the Tokyo Olympics. Jasmine was a staff member of that gold medal Canadian Soccer Team. But in this career full of achievements, Jasmine saw a period about two years ago, where the drone cont

defence-minister-says-he-learned-of-possible-damage-to-canadian-assets-in-kuwait-strike-from-media-report

CanadaMar 19, 2026

Defence minister says he learned of possible damage to Canadian assets in Kuwait strike from media report

Defence Minister David McGuinty says he was unaware of potential damage to Canadian military assets in Kuwait following an Iranian airstrike until a media report raised the issue. Speaking to reporters in Kitchener, McGuinty said he learned about the “situation” while travelling overseas with the prime minister, but declined to confirm whether Canadian equipment or facilities were hit, citing operational security concerns. The Quebec newspaper La Presse reported on March 12 that satellite imagery analysis suggested the Canadian section of Ali Al-Salem Air Base may have sustained damage dur

dozens-of-commercial-vehicles-sidelined-after-burnaby-inspection-finds-safety-violations

Dozens of commercial vehicles sidelined after Burnaby inspection finds safety violations

A targeted commercial vehicle inspection in South Burnaby last month led to more than half of the trucks checked being taken off the road due to safety concerns, according to a police release. The operation, conducted Feb. 25 by the Lower Mainland Commercial Vehicle Enforcement group, took place along Marine Way near Roseberry Avenue. Authorities said the initiative aimed to both educate drivers and enforce provincial safety regulations. According to a release from Burnaby RCMP, officers carried out 67 inspections, identifying 172 violations and issuing 117 tickets. A total of 35 commercial ve

abbotsford-police-arrest-robbery-suspect-minutes-after-gas-station-incident

Abbotsford police arrest robbery suspect minutes after gas station incident

Abbotsford Police say a man has been charged after an alleged robbery at a gas station Tuesday morning in the 2000 block of Clearbrook Road. According to an Abbotsford Police Department news release, officers were called at about 9:21 a.m. after a suspect reportedly threatened staff with a weapon and fled with cash and merchandise. Police say officers arrived quickly and began searching the area for the suspect, who had left on a bicycle. The release states a traffic officer located the suspect within minutes. When police attempted to stop him, the suspect allegedly refused, leading to a brief

canada-to-spend-307m-on-new-modular-rifles-to-replace-aging-army-weapons

CanadaMar 19, 2026

Canada to spend $307M on new modular rifles to replace aging army weapons

The federal government has approved a $307 million contract to purchase 30,000 new modular rifles for the Canadian Army, replacing weapons that have been in service for more than three decades. According to a federal procurement announcement, the rifles will be supplied by Colt Canada under an initial three-year agreement. The deal includes an option to acquire an additional 35,000 rifles beyond the initial order. Defence procurement Secretary of State Stephen Fuhr said the purchase is intended to modernize frontline equipment and address long-standing concerns about the aging C7 and C8 rifles

Related News

Defence minister says he learned of possible damage to Canadian assets in Kuwait strike from media report

Defence minister says he learned of possible damage to Canadian assets in Kuwait strike from media report

Defence Minister David McGuinty says he was unaware of potential damage to Canadian military assets in Kuwait following an Iranian airstrike until a media report raised the issue. Speaking to reporters in Kitchener, McGuinty said he learned about the “situation” while travelling overseas with the prime minister, but declined to confirm whether Canadian equipment or facilities were hit, citing operational security concerns. The Quebec newspaper La Presse reported on March 12 that satellite imagery analysis suggested the Canadian section of Ali Al-Salem Air Base may have sustained damage dur

Canada to spend $307M on new modular rifles to replace aging army weapons

Canada to spend $307M on new modular rifles to replace aging army weapons

The federal government has approved a $307 million contract to purchase 30,000 new modular rifles for the Canadian Army, replacing weapons that have been in service for more than three decades. According to a federal procurement announcement, the rifles will be supplied by Colt Canada under an initial three-year agreement. The deal includes an option to acquire an additional 35,000 rifles beyond the initial order. Defence procurement Secretary of State Stephen Fuhr said the purchase is intended to modernize frontline equipment and address long-standing concerns about the aging C7 and C8 rifles

Chinese EV maker BYD eyes Canadian dealership rollout after tariff cut

Chinese EV maker BYD eyes Canadian dealership rollout after tariff cut

Chinese electric vehicle manufacturer BYD has begun discussions to establish a dealership network in Canada following a federal decision to reduce tariffs on Chinese-made EVs to 6.1 per cent, according to media reports. The company is planning to open as many as 20 dealerships within a year, starting in the Greater Toronto Area. Expansion could follow in Vancouver, Montreal and Calgary as part of a broader national rollout strategy. Reports indicate BYD may introduce several of its popular models in Canada, including the Seal, Dolphin and Seagull, though no official launch timeline has been co

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital