Published on 6 Mar 2024 on Financial Post via Yahoo Finance
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Canada’s biggest pension funds have largely rebuffed recent pressure to pour more of their billions of investment dollars into their home market, but a new campaign backed by 90 business leaders including chief executives of some of the country’s biggest companies appears set to escalate the debate.
In an open letter to federal and provincial finance ministers on March 6, the business leaders call for rules and new incentives to reverse a decline in domestic investments to bolster the economy, with a specific focus on the pension giants.