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Canada Pension Keeps U.S. Prison Stakes Amid Immigration Controversy

An inmate in his cell
Photographer: David Paul Morris/Bloomberg

The Canada Pension Plan Investment Board is holding firm on its U.S. prison investments, despite controversy over their role in immigration detention south of the border, according to a person familiar with the situation.

The Toronto-based fund, which manages about C$368 billion ($277 billion), holds small stakes of CoreCivic Inc. and Geo Group Inc., which had facilities that held people suspected of illegally entering the U.S. under a policy imposed this year by President Donald Trump.