{"id":51484,"date":"2024-10-10T11:29:07","date_gmt":"2024-10-10T11:29:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/10\/british-government-makes-investment-pitch-to-canadian-pensions\/"},"modified":"2024-10-10T11:29:07","modified_gmt":"2024-10-10T11:29:07","slug":"british-government-makes-investment-pitch-to-canadian-pensions","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/10\/british-government-makes-investment-pitch-to-canadian-pensions\/","title":{"rendered":"British government makes investment pitch to Canadian pensions"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">Finance<\/li>\n<li class=\"breadcrumbs__item\">News<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">British officials have been making the rounds this month, talking to executives at the Maple Eight<\/p>\n<div class=\"callout callout--noindent flex-align-center flex-justify-between\" data-evt-val=\"{\" control_fields=\"\" data-evt=\"visible\" data-evt-typ=\"element_view\"><span class=\"callout__text\"> Get the latest from Barbara Shecter straight to your inbox <\/span><button class=\"button button--icon button--primary-alt\" data-id-login-redirect=\"https:\/\/financialpost.com\/author\/bshecter\/newsletters\/\" type=\"button\"><span class=\"button__text\">Sign Up<\/span> <span aria-hidden=\"true\" class=\"button__icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 11 11\" width=\"11\"><polygon points=\"1.1 0 7 6 1.1 12 0 10.9 4.8 6 0 1.1\"\/><\/svg> <\/span><\/button><\/div>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Oct 10, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 5\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">5 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"ef388d26-9e70-4dec-baa1-d9bf75e471b9\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">CPP Investments signage during an interview for an episode of Bloomberg Wealth with David Rubinstein in New York, U.S., on July 10, 2024. <\/span> <span class=\"credit\">Photo by Jeenah Moon\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>The Canadian government isn\u2019t the only one looking to tap into billions of dollars invested by the country\u2019s largest pensions.<\/p>\n<p data-async=\"\">Officials from the United Kingdom have been making the rounds in Canada this month, talking to executives at the Maple Eight, a group of major pension investment organizations that includes the Canada Pension Plan Investment Board, the Ontario Teachers\u2019 Pension Plan and the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8086126963096782797691437650542592\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" 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articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>On their agenda is an ambitious plan being pursued by Prime Minister Keir Starmer\u2019s new Labour government, which has vowed to improve the country\u2019s transportation and infrastructure systems, to build more homes, and to move forward on the energy transition away from carbon-based fuels.<\/p>\n<p data-async=\"\">A new\u00a0<span>\u00a37.3bn National Wealth Fund<\/span>\u00a0has been created to help meet these goals, with hopes of tapping into institutional funds both at home and abroad to tackle projects highlighted by Britain\u2019s national infrastructure commission.<\/p>\n<p>\u201cWe\u2019ve got a big pipeline,\u201d said Ceri Smith, director general of strategy and investment at the U.K.\u2019s Department for Business and Trade, whose pitch was made to Canada\u2019s largest pensions during stops in Toronto and Montreal. \u201cWe have literally tens of billions of pounds of future demand in order to do the transition, but also to renew infrastructure in the U.K.\u201d<\/p>\n<p>Britain has underinvested in infrastructure, with investment levels the lowest among G7 countries over recent decades, Smith said, and this is \u201csomething the new government is absolutely determined to address.\u201d<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot14 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste5844587398195524831721136368648192\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div 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Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment8536042723305864590131027865763840\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>And that\u2019s where Canada\u2019s largest institutional investors come in.<\/p>\n<p data-async=\"\">Like the Canadian government, the U.K. is hoping that the funding required for such large-scale projects will come not only from government coffers but from well-endowed institutional investors that already pump money into such assets around the world.<\/p>\n<p>\u201cWe are absolutely clear that the scale of the investment challenge is such that we cannot finance it ourselves,\u201d he said. \u201cI\u2019ve been spending my time meeting many of the Maple Eight \u2014 or nine or 10, depending on who you talk to \u2014 and they are already significant investors in the United Kingdom.\u201d<\/p>\n<p>Smith said he expects to continue to the talks with representatives of some of Canada\u2019s largest pension and investment funds again soon, this time in London, at an Oct. 14 invitation-only summit on international investment, the first convened by the new Labour government.<\/p>\n<p>\u201cWe\u2019re looking forward to welcoming a significant number of Canadian investors, including but not limited to the Maple Eight,\u201d he said, adding that the turnout is expected even though the event falls on Canada\u2019s Thanksgiving holiday.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment1201477237925748661595580802269184\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Canadian pension funds have been eager investors in the United Kingdom in the past, setting up offices in London to make investments across Europe, and enjoying a relatively familiar and stable government and regulatory landscape.<\/p>\n<p data-async=\"\">For example, Teachers\u2019, Ontario Municipal Employees Retirement System (OMERS), Alberta Investment Management Corp. (AIMCo), and the Caisse own stakes in major airports in London. PSP Investments, meanwhile, teamed up with Bridge Industrial in 2021 to develop logistics properties in the United Kingdom, targeting a portfolio of US$1.4 billion.<\/p>\n<p>Two of Canada\u2019s major pensions, however, are still licking their wounds after one major U.K. investment ended in disaster.<\/p>\n<p>OMERS was forced to write off a 32 per cent stake once worth well over $1 billion in Thames Water Utilities Ltd. earlier this year after the company, Britain\u2019s largest water and sewage utility with 16 million customers, fell into default following a series of costly financial and regulatory missteps. British Columbia Investment Management Corp. holds an eight per cent stake.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment5798287006622862538073571940368384\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The outcome made for some pointed discussions with the U.K. officials this month.<\/p>\n<p>\u201cWe\u2019ve talked about it with a couple of people who had significant stakes (in Thames Water). It is very clear that some people are feeling bruised,\u201d Smith said as he wrapped up a Toronto visit last week and got ready to head for Quebec. \u201c(They) feel that, you know, it means they have a level of caution around investing in regulated assets. And I understand that,\u201d he said.<\/p>\n<p data-async=\"\">OMERS and BCI not only had to deal with the financial and political strain, but there were also warnings that their involvement carried reputational risk that could make investing around the world more difficult. Those scenarios seems to have been avoided largely because other infrastructure investments have performed relatively well so far, according to an Oct. 3 report by analysts at DBRS Morningstar.<\/p>\n<p>Another potential wedge in the usually close economic and investment relationship between Canada and Britain arose in January when U.K. officials walked away from trade talks after reportedly getting into a dispute with Canada over British cheese imports.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment4558730441654637643662569435561984\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>In recent months, however, both the U.K.\u2019s deputy trade minister for North America, Alan Gogbashian, and U.K. Chancellor of the Exchequer Rachel Reeves have made trips to Canada. Gogbashian was at the British Consulate in Toronto at the same time as Smith\u2019s visit, while Reeves came to Canada in August.<\/p>\n<p>In an interview, Gogbashian said he\u2019s confident the two countries can continue to build on a strong foundation.<\/p>\n<p>\u201cAlthough the FTA<b>\u00a0<\/b>(free trade agreement) didn\u2019t proceed (in January), the existing trade relationship with Canada without an FTA is already incredibly strong,\u201d Gogbashian said. \u201cWe\u2019ve got the existing U.K.-Canada trade continuity agreement (and) annual trade between the U.K. and Canada is at $44 billion Canadian dollars, so it\u2019s already an extremely positive situation.\u201d<\/p>\n<p>The U.K. was Canada\u2019s fourth-largest single-country trading partner for goods and services in 2023, according to Global Affairs Canada<\/p>\n<p>Moreover, Gogbashian said, Canada had made more than $100 billion in direct investments in the U.K. by the end of 2023.<\/p>\n<p data-async=\"\">He said there was no update on when the free trade talks \u2014 which reportedly stalled because the U.K. didn\u2019t want to lose protections from tariffs on cheese when their producers no longer qualified under European Union quotas as of the end of 2023\u00a0 \u2014 will resume. Smith said his understanding is that the new government, which inherited a number of files involving different jurisdictions, is \u201ctaking stock\u201d of where their priorities will be.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_7\">\n<section aria-describedby=\"advertisment3480098399502743337299990424846336\" class=\"ad\">\n<p>Advertisement 7<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-7\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<section aria-labelledby=\"moreTopicLabel2882052822525089398751337914564608\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" involving=\"\" brookfield=\"\" ottawa.=\"\" pensions=\"\" being=\"\" discussed=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=5&sig=hqJ_-8diVSKTP0v3nPhmTQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=5&sig=hqJ_-8diVSKTP0v3nPhmTQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=5&sig=hqJ_-8diVSKTP0v3nPhmTQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=5&sig=hqJ_-8diVSKTP0v3nPhmTQ&ssl=1&w=240&resize=240&ssl=1 240w, 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data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=80&sig=VJc2hO6B0CdPr3ZKvwFMog\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=5&sig=hqJ_-8diVSKTP0v3nPhmTQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=96&strip=all&quality=80&sig=VJc2hO6B0CdPr3ZKvwFMog, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=192&strip=all&quality=80&sig=00oAKsP65c6tk9iy2x_1LQ 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0919-bc-brookfield.jpg?h=288&strip=all&quality=80&sig=n4zvrMtRk1r4lBOwW6i7Eg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Fund involving Brookfield, Ottawa. pensions being discussed<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" the=\"\" liberals=\"\" pursuit=\"\" of=\"\" canada=\"\" pensions=\"\" falls=\"\" flat=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Prime Minister Justin Trudeau takes part in a Long Term Investment Summit infrastructure roundtable with international investors in Toronto, on Nov. 14, 2016. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=80&sig=J8aQb704PqJtXRzCmsNw7A\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=5&sig=smuo68WVBa_iElu8eBi2sg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=96&strip=all&quality=80&sig=J8aQb704PqJtXRzCmsNw7A, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=192&strip=all&quality=80&sig=z5y-7WRIE3Ue3MVCsmWcLg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/trudeau-pension.jpg?h=288&strip=all&quality=80&sig=j64kVWaIk0qxS_AbzltJhw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Why the Liberals&#8217; pursuit of Canada&#8217;s pensions falls flat<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>\u201cI don\u2019t think that any decision has been taken on the resumption,\u201d he said. \u201cWhat I\u2019m here in part to do is to just reassure investors that the new government remains absolutely committed to that deep relationship (on foreign direct investing) and then trying to give them an insight into what the new government\u2019s great priorities are.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email: bshecter@postmedia.com<br \/><em><strong\/><\/em><\/em><\/p>\n<p data-async=\"\"><em><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>British government makes investment pitch to Canadian pensions<\/a><br \/>\n<br \/>2024-10-10 11:29:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Finance News British officials have been making the rounds this month, talking to executives at the Maple Eight Get the latest from Barbara Shecter straight to your&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/1011-bc-pensions.jpg?quality=90&strip=all&w=288&h=216&sig=UkjMinmKKWeQfA9dVapSDw","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-51484","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51484"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51485"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}