CBC News has released an article detailing that only 12% of Canada Pension Plan’s investments are based in Canada. Nearly half of CPP’s investments are directed towards the United States.
The National Pensioners Federation continues to advocate for its membership. Trish McAuliffe, President of NPF, made a statement in an interview to CBC News regarding this matter:
“We love nothing better than to see great investments here [in Canada]…. investments in infrastructure, hospitals. Things that will benefit our age demographic but also our community at large,” she said.
She noted that the federation participates in stakeholder meetings with the Canada Pension Plan Investment Board (CPPIB), and although discussions are still in the early stages, the topic is expected to be raised at NPF’s upcoming convention in October.
“We’re hopeful … that they’re going to make the right decisions,” she said, “but make no mistake — people are watching.”
Read the full CBC News article here: https://www.cbc.ca/news/politics/canada-pension-plan-us-1.7565080
