Ottawa—Finance Minister Chrystia Freeland revealed key policy changes ahead of the fall economic statement, scheduled for Monday. The changes aim to bolster investment opportunities and promote innovation across Canada.
The minister announced the removal of the cap that limits Canadian pension funds from owning more than 30% of the voting shares in a Canadian entity. This move is expected to empower pension funds to make more substantial investments in domestic businesses, fostering growth and competitiveness.
Additionally, Freeland highlighted a $45 billion package in aggregate loans and equity investments dedicated to advancing artificial intelligence (AI) projects. The funding aims to position Canada as a global leader in AI research and development, supporting cutting-edge innovations across various industries.
These measures are part of the government’s broader efforts to stimulate economic growth and attract investments in critical sectors. More details will be unveiled during Monday’s economic statement.