Canada's Largest Pension Fund Advocates for Economic Diversification Amid Tariff Impact

Canada's largest pension fund emphasized the need for Canada to enhance its economy and enhance its global competitiveness in light of potential tariffs by U.S. President Donald Trump, as mentioned on Tuesday. Edwin Cass, the Chief Investment Officer of the Canada Pension Plan Investment Board, highlighted the close economic ties between Canada and the U.S. and stressed the importance of diversification. He also mentioned that efforts were underway to make the economy more competitive internationally and lower trade barriers within Canada. Cass acknowledged the challenges posed by the Trump administration's policies and the potential for short-term discomfort in pursuit of improved productivity.