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Stock impact report

Canada Taps Ex-BOC Governor to Examine How Pension Funds Invest [BNN Bloomberg (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
Poloz will lead a “working group” that will look at what it will take to get Canadian pensions to put more of their capital into domestic opportunities — including housing development, venture capital and infrastructure such as airports, the government said in budget documents Tuesday. Large public pension managers including the Canada Pension Plan Investment Board have few restrictions on where they can invest. Over time, they've made a huge swing into foreign markets, seeking better returns and greater diversification. That shift has spurred debate within the country. Last month, more than 90 business leaders, including current and former CEOs, signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to alter the rules for pension funds to “encourage them to invest in Canada.” Poloz was governor of the Bank of Canada from June 2013 to June 2020, when his seven-year term expired. Freeland's budget also takes steps to advance th Show less Read more
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