Canada's top business executives are calling on pension funds to increase their investments in domestic markets. The CEOs are urging pension funds to prioritize investments within Canada to help stimulate economic growth and support local businesses.
These executives believe that by directing more capital towards Canadian companies, pension funds can play a crucial role in driving innovation and job creation within the country. They argue that investing in domestic markets not only benefits the economy but also strengthens the resilience of Canadian businesses.
Currently, pension funds in Canada allocate a significant portion of their investments to international markets. The CEOs are advocating for a shift in this strategy to focus more on opportunities within Canada, citing the potential for long-term sustainable returns.
By increasing investments in domestic markets, pension funds can also contribute to building a more robust and diversified economy. This approach aligns with the goal of fostering a thriving business environment in Canada and supporting the growth of local industries.
The call to ramp up domestic investments comes at a time when the Canadian economy is facing challenges due to the ongoing global pandemic. The CEOs believe that by redirecting investment capital towards Canadian businesses, pension funds can help drive recovery and ensure the long-term prosperity of the country.
