John Manley, former finance minister and former deputy prime minister, chair of Jefferies Securities and senior advisor of Bennett Jones, gives his thoughts on
According to Ottawa, the move will make it easier for Canadian pension funds to make major investments in Canadian companies.in a letter posted on social media from Prime Minister Justin Trudeau’s cabinet hours before she was scheduled to deliver a fiscal update on Monday. She stated in the letter that the decision came after Trudeau offered her a different position.
The fall economic statement highlights that Stephen Poloz, the former Bank of Canada governor, was asked to explore ways to “catalyze greater domestic investment opportunities” for pension funds in the government’s previous budget. Additionally, the government announced it is currently consulting on potential regulations to increase transparency for large federally regulated pensions.
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