Canadian Pensions Investing Less and Less in Canada to Detrimental Levels: Letko Brosseau

Unfortunately real issues like these will never be part of an election platform as most voters are more interested in a free cheque.  

"...The Pension Investment Association of Canada, the country’s leading pension fund association, reported for the year ended December 2020 that Canadian publicly held securities represented approximately 5 per cent of its members’ total assets. This is down from 28 per cent in December 2000.

“It should be a major policy concern for Canadians and our leaders that the country’s pension industry has moved large amounts of its funds to other countries.,” said Daniel Brosseau, President of LetkoBrosseau. “When investment managers send Canadians’ hard-earned savings outside of Canada, they aren’t just moving money out of the country, but also some of its important associated economic benefits. That means less innovation, fewer jobs, and reduced economic activity and security for Canadians.”..."

 Invest in Canada – Press Release - Letko, Brosseau & Associates (lba.ca)