Quebec Premier Francois Legault said he wants the province’s pension fund to invest more locally, including making bets in the manufacturing sector, as Canada adjusts to a new reality of US trade barriers.
The Caisse de Depot et Placement du Quebec, Canada’s second-largest pension manager, is planning to have C$100 billion ($71.3 billion) of its funds invested in the French-speaking province by next year — about 20% of its current net assets and a similar proportion to the previous year. But it’s not enough for Legault, who has been running the province since 2018.