Canada Pension Fund Piles Into US Despite ‘Buy Canada’ Push

Currency effects caused US assets to surge to nearly half of Canada’s national pension fund as its managers face pressure from within the country’s business community to invest more domestically.

Canada Pension Plan Investment Board’s total exposure to the US market grew to 47% of its C$714 billion ($514 billion) portfolio as of the end of March, according to its annual report released Wednesday. That’s up from 36% two years earlier.