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3.4812577784427E-05 0.000861611300162751 -0.00436027536749016 -0.00261964647827252 0.00564834074551133 -0.00421232191190669 -0.021766564259667 -0.029164237038842
Stock impact report

Canadian firms at risk as pensions cut domestic investments, says Desjardins exec [Wealth Professional (Canada)]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Canadian pensions are underinvested in domestic public markets, leaving Canadian companies struggling for capital and vulnerable to foreign takeovers. François Carrier, head of capital markets at Desjardins Group, highlighted this issue, according to Financial Post, stating that the lack of domestic investment creates significant challenges for Canadian businesses. Carrier told Bloomberg News that this trend “sucks a lot of liquidity out of the market, which has an impact on valuations and your ability to grow and thrive as a public company.” Canada Pension Plan Investment Board (CPPIB), the country's largest pension fund, exemplifies this issue, with only 12 percent of its capital in Canadian assets as of March—a stark contrast to 70 percent in 2001 when limits on foreign investments were in place. Currently, just 8 percent of CPPIB's active equities portfolio is in Canadian stocks. Japan's Government Pension Investment Fund, by comparison, allocates nearly a quarter of it Show less Read more
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