this post was submitted on 10 Mar 2026
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Canada

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Canada and Australia are tying together two of the world’s largest retirement systems through a new investment pact that aims to push more pension capital into both markets.

More than a dozen Canadian and Australian pension giants have entered a first-of-its-kind memorandum of understanding (MOU) under the Canadian-Australian Pension Funds Investment Initiative (CAP Invest Initiative).

CPP Investments said the initiative asks leading pension investors to make a voluntary commitment “to facilitate dialogue on investment environments and policy barriers to generate solutions that unlock greater opportunities for value creation.”

...

Under the arrangement, funds will cooperate to channel more pension capital into opportunities in both markets.

...

Signatories include AustralianSuper, which manages A$410bn (US$289bn), and the Canada Pension Plan Investment Board, with $781bn (US$571bn) in assets, along with eight other major Canadian funds.

Canada operates the world’s second-largest pension system, while Australia’s A$4.5tn pool is No. 4, and Canada’s system is forecast to reach $8tn while Australia’s is projected to swell to A$11tn by 2040.

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[–] Quilotoa@lemmy.ca 3 points 1 hour ago

Great to see cooperation.

[–] Lemmyoutofhere@lemmy.ca 7 points 3 hours ago* (last edited 3 hours ago) (1 children)

Is there any part of Canada’s economy that Carney isn’t improving and moving away from the US?

[–] Peppycito@sh.itjust.works 1 points 14 minutes ago

If Canada's pension plans refused to invest in evil the world would be a much better place.