Canadian

Funding in Cohere Soars to $5 Billion with Canadian Pension Fund PSP Taking the Lead

Toronto, Canada – The Canadian Pension Fund PSP has announced its plan to co-lead the funding round for Cohere, a tech startup, at a valuation of $5 billion. This move represents a significant investment in the growing tech industry, showcasing the fund’s commitment to supporting innovation and entrepreneurship in Canada. Cohere, known for its cutting-edge technology in natural language processing, has been attracting attention from investors for its unique approach to machine learning. With the …

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Pension Funds Urged to Boost Canadian Investments to Support TSX Future

Toronto, Canada – A veteran wealth management executive in Canada is urging the country’s largest pension plans to increase their domestic investments to protect institutions like the Toronto Stock Exchange. Peter Letko of Letko Brosseau highlighted the impact of low investment levels from Canadian pension funds on the nation’s economic and financial health in a recent interview. Letko emphasized the importance of controlling and directing capital to benefit Canadians as a whole to prevent the …

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Executives Push for Increased Canadian Pension Plan Investments in Domestic Businesses, Facing Opposition from Pension Fund Managers

Toronto, Canada – Over 90 prominent business leaders and CEOs from Canada’s largest companies have joined forces to advocate for increased Canadian pension plan investments in domestic businesses. This initiative has sparked controversy among some of the country’s leading pension fund managers. In an open letter addressed to federal Finance Minister Chrystia Freeland and provincial counterparts, these executives, hailing from various industries such as auto parts, oil and gas, airlines, banking, and grocery retail, are …

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