US President Donald Trump’s back-and-forth tariff threats are galvanizing an “invest in Canada” movement that’s prodding pensions to keep more of their cash at home.
Pressure is mounting on Canadian pension funds, which manage $2.3 trillion, to increase their investments within Canada amid economic concerns and trade tensions with the U.S. Some government officials and commentators are urging pensions to allocate more capital domestically to address issues like sluggish growth, low productivity, and housing shortages.