Benchmark
Canada to End 30% Stake Limit to Boost Pension Fund Investment
- Freeland announces C$15 billion in loans for AI data centers
- Slew of new measures intend to incentivize domestic investment
Chrystia Freeland, Canada’s finance minister.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Prime Minister Justin Trudeau’s government is relaxing the rules for domestic pension funds, allowing them to buy more than 30% of a Canadian business, as part of a plan to spur more investment.
“At a time of rising economic nationalism, the fight for capital has never been more fierce,” Finance Minister Chrystia Freeland said in a statement Friday.