A Clash of Titans Over Canada's Pension Fund Strategy
Jordan Fleguel of BNN Bloomberg reports fight over where Canada's pension funds should invest is a 'clash of titans': One of the main proponents of increased domestic investment from Canadian pension funds says there are two competing theories on the issue that each come to a different conclusion about what’s best for Canada’s pensioners and its economy. “It's a clash of titans, because we have two economic theories,” Daniel Brosseau, co-founder and partner at investment firm Letko Brosseau, told BNN Bloomberg in a Monday interview. Brosseau and his firm helped bring national attention to the debate over where Canada’s pension funds should be investing by penning an open letter last month to Finance Minister Chrystia Freeland , urging policymakers to alter the rules for pensions to “encourage them to invest in Canada.” The letter received pushback from some members of the business community who argued that government should not interfere with pensions’ inv