Ottawa to remove 30% investment cap for Canadian pension funds

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Finance Minister Chrystia Freeland says the upcoming fall economic statement on Monday will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting shares of a Canadian entity.

Minister of Finance and Deputy Prime Minister Chrystia Freeland takes part in a press conference at the National Press Theatre in Ottawa, Tuesday, Dec. 3, 2024. THE CANADIAN PRESS/Spencer Colby

The deputy prime minister says Canada is "in a global fight for capital," especially as the incoming Trump administration seeks to create "economic uncertainty outside the United States as a strategy to discourage investment anywhere other than the United States.

Famed British cellist Sheku Kanneh-Mason, who became a household name after performing at the wedding of Prince Harry and Meghan Markle, has said he had to cancel a concert in Canada after the country’s largest airline denied his pre-booked seat for his cello.Eight people were injured after horses became out of control while a man was offering a horse-drawn wagon ride Thursday in eastern Ontario, according to the Brockville Police Service.

Famed British cellist Sheku Kanneh-Mason, who became a household name after performing at the wedding of Prince Harry and Meghan Markle, has said he had to cancel a concert in Canada after the country’s largest airline denied his pre-booked seat for his cello.Canada Post workers began their strike four weeks ago, halting mail and package deliveries across the country. Labour Minister Steven MacKinnon said he hopes work will resume as early as next week.

When American twentysomething Jennea bumped into Dutchman Arthur on a London train station platform in 2013, their lives changed forever.SportsThe U.S. Olympic & Paralympic Committee placed an employee on administrative leave Thursday after The Associated Press reported that one of its coaches was accused of sexually abusing a young biathlete, causing her so much distress that she attempted suicide.

Fire departments across Nova Scotia are doing their part to ensure children’s letters to Santa make their way to the North Pole while Canada Post workers are on strike.A professional dancer from Saskatchewan was featured in the movie adaptation of Wicked, which has seen significant success at the box office.Factor worker Jean Lamontagne, 63, will retire earlier than planned after he won $40 million on Dec. 3 in the Lotto-Max draw.

Canada Post workers began their strike four weeks ago, halting mail and package deliveries across the country. Labour Minister Steven MacKinnon said he hopes work will resume as early as next week.The QEII is closed northbound near Lacombe because of a serious crash as of 10:50 a.m. on Friday, RCMP say.Man charged with manslaughter in death of missing Cape Breton man

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Ottawa to remove investment cap for Canadian pension fundsFinance Minister Chrystia Freeland says the upcoming fall economic statement on Monday will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting shares of a Canadian entity.
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