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ARTICLE · 27 DECEMBER 2024

Federal Fall Economic Statement 2024: Spotlight On Canadian Pension Funds

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In its 2024 Fall Economic Statement released on December 16, 2024, the Government of Canada announced it is moving forward to implement measures aimed at increasing...

CanadaEmployment and HR
Raegan Kennedy
Raegan Kennedy
Brody Appotive
Brody Appotive
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In its 2024 Fall Economic Statement released on December 16, 2024, the Government of Canada announced it is moving forward to implement measures aimed at increasing pension fund investment in Canada. Its intention to explore these investment initiatives was first announced in its 2023 Fall Economic Statement, which we discussed in our previous bulletin.

Pension fund developments

Last November, the government announced that it was considering several proposals of interest to registered pension plan administrators, including the elimination of the "30% rule" for investments in Canada. At that time, Stephen Poloz, former Governor of the Bank of Canada, was tasked to explore how to encourage greater domestic investment by Canadian pension funds. The former Governor has since consulted with pension funds, equity investors, academics, unions, and industry representatives on ways to do so.

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