While it’s still early days, Prime Minister Mark Carney’s push for Canadian asset managers to invest at home may already be paying dividends.
More than half of Canada’s asset managers plan to reduce their U.S. equity allocations within the next year, according to Marsh People and Investments Canada’s 2026 Global Asset Owner Barometer — the largest pullback from the U.S. among all of the regions surveyed.
Meanwhile, Canadian investors sold $31 billion in U.S. shares in July, a record tally according to government data.
Carney has long tried to encourage Canadian financial institutions towards homegrown opportunities and last week invited some of the world’s biggest investors to the Canada Investment Summit, with the goal of attracting $1 trillion in new financings.
“The tide is turning,” Greg Taylor, chief investment officer at PenderFund Capital Management, said at the summit. “It could be that Trump has galvanized us, and Canada is going to put money to work.”
During the event, the federal government announced plans to open Canada’s biggest airports to private capital and cut taxes for new business investment to the lowest rate among G7 countries.
When it comes to domestic investment, Canada secured $325 billion from its biggest banks, $50 billion from the Maple Fund and $52.5 billion from BCE Inc. for a data centre in Saskatchewan, to name a few.
- For in-depth coverage of the Canada Investment Summit, click here.
Foreign investment is picking up as well. Total foreign inflows to all asset classes over the last year was US$211 billion, amounting to about 8.7 per cent of Canada’s GDP.
“Canada is an attractive market for investment,” Peter Stensgaard Mørch, chief executive officer of PensionDanmark, said at the summit. “The Canadian government demonstrates a strong understanding of what is required to attract additional investment.”
Carney is also looking to kickstart dozens of major infrastructure projects across the country and asset managers are taking notice. Sixty-six per cent of asset owners intend to grow their Canadian infrastructure portfolio, much higher than the 51 per cent global average.
The money managers are drawn to major infrastructure projects as a hedge against inflation and their long-duration returns, the report added.
High inflation also has 41 per cent of money managers looking at inflation-linked assets, such as bonds or bond return ETFs.
Meanwhile, 37.8 per cent of asset owners are ensuring they have more cash on hand to keep their options open, nine per cent more than a year ago.
With files from Bloomberg News
Sign up here to get Posthaste delivered straight to your inbox.
Nvidia Corp. , once the darling of the stock market, is showing signs of a crack.
The chipmaker has been trading at 17 times profit expected over the past year, the lowest level in a decade. The decline is leading investors to wonder if it can keep up with the lofty growth expectations.
“The stock has de-rated pretty significantly, which suggests a healthy dose of skepticism that the company’s current earnings power is sustainable,” Eli Horton, senior portfolio manager for thematic equities and durable growth equities at TCW, told Bloomberg News. “The stock’s performance is surprising, given the backdrop of incredible fundamentals, but it tells you the market is expecting less than what the consensus is currently estimating.”
Still, revenue and net income are expected to jump nearly 100 per cent for the year, up from 65 per cent last year.
The stock climbed 4.3 per cent on Monday on news that Meta Platforms Inc.’s new AI chatbot may push chip demand.
Read more here.
- Data: Canada population estimates, U.S. MBA purchase index
- Earnings: Cintas Corp., General Mills Inc., Uranium Energy Corp., NorthStar Gaming Holdings Inc.
- Bank of Canada to make rate decisions based on domestic economic situation, not markets or the Fed, says Macklem
- Garry Marr: Why U.S. 30-year mortgage contracts are a mixed blessing for homeowners
- The TSX stocks to watch following the Canada Investment Summit
- Nearly a third of working Canadians are living paycheque to paycheque, a new payroll institute survey says
Canadians renewing their mortgages this year might wish they were part of the American system that locks rates in for 30 years. But as the saying goes, be careful what you wish for. Financial Post columnist Garry Marr explains how locking into lower rates long-term looks like a steal, until you decide to move. Read more.
Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on one of the country’s most important sectors. Sign up here.
McLister on mortgages
Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.
Financial Post on YouTube
Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.
Today’s Posthaste was written by Ben Cousins with additional reporting from Financial Post staff and Bloomberg.
Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com .
Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here
Posthaste: More Canadian investors are moving their money out of U.S., into Canada
2026-09-23 12:00:21
