Ottawa to remove 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.

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.The Canada Post labour dispute has now passed the four-week mark, and as Christmas draws near, some may be anxious about delayed or cancelled shipments affecting their holiday shopping.

OpenAI CEO Sam Altman is planning to make a US$1 million personal donation to U.S. president-elect Donald Trump's inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration.An Ontario court has given The Body Shop Canada the approval it needs to sell the majority of its business to a private equity firm.Elon Musk says the U.S.

80-year-old driver with expired licence accused of going nearly double the speed limit in eastern Ontario Calgary company steps up to help grieving family with free furnace after fatal carbon monoxide poisoning 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.Three people are in hospital, including one in serious condition, after a Friday morning crash in the southwest Calgary community of Belmont.

Manitoba’s cold weather broke several temperature records in different communities on Thursday, including one that had been in place since the 1940s.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.A Regina police report shows that both crimes against people and property have seen a year-over-year increase when comparing this November to last.

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