Toronto, BC Pensions Look Abroad for Shelter After Wild US Ride

President Donald Trump sent the US dollar tumbling last week by suggesting he was comfortable with its recent weakness. Some Canadian pension managers are taking him at his word.

They’re looking east and west for places to put capital, diversifying their US-heavy portfolios. Toronto Transit Commission Pension Fund, manager of about C$9.2 billion ($6.7 billion) of assets, has been increasing its exposure “most significantly” to Europe, according to Chief Investment Officer Andrew Greene.