{"id":57314,"date":"2025-03-12T10:42:25","date_gmt":"2025-03-12T10:42:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/12\/tariff-war-stock-dips-challenge-pension-funds\/"},"modified":"2025-03-12T10:42:25","modified_gmt":"2025-03-12T10:42:25","slug":"tariff-war-stock-dips-challenge-pension-funds","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/12\/tariff-war-stock-dips-challenge-pension-funds\/","title":{"rendered":"Tariff war, stock dips challenge pension funds"},"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\">HOOPP CEO hopes Canada&#8217;s next prime minister and government will bring back real return bonds<\/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 Mar 12, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 17\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 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=\"cca8d987-7c06-4ce9-82d3-dd100562fccd\" 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\">Healthcare of Ontario Pension Plan (HOOPP, which provides retirement benefits for Ontario health-care workers, reported a 9.7 per cent return for 2024.<\/span> <span class=\"credit\">Photo by Peter J Thompson\/National Post<\/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 data-async=\"\">Pension funds that were buoyed by soaring stock markets and growing economies that helped produce double-digit returns last year are now being challenged by the escalating trade war between the United States and Canada that is spilling out globally.<\/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__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">\u201cThe U.S. economy has been very strong for so long,\u201d Jeff Wendling, chief executive of the Healthcare of Ontario Pension Plan (HOOPP), said. \u201cWill that continue? What will happen with inflation? We run a lot of scenarios.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment6539486087311204222970659870867456\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\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<div class=\"article-block article-block-bg article-content__sign-in-group hidden\" data-aqa=\"identity-sign-in\" data-async=\"\" id=\"article-block\">\n<section 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leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional 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 data-async=\"\">Some economists are predicting the U.S. could enter a recession amid the trade war with Canada, Mexico and China, as well as steep cuts to its federal workforce and potentially rising inflation. U.S. stock markets, meanwhile, have been falling amid the turmoil after a strong 2024.<\/p>\n<p>HOOPP, which provides retirement benefits for Ontario health-care workers, reported a 9.7 per cent return on Wednesday for the year ending Dec. 31, 2024. Net assets rose to $123 billion. With the exception of real estate and fixed income, all segments, including private equity and credit as well as infrastructure, turned in double-digit returns last year.<\/p>\n<p>\u201cWe do try to build a portfolio that we think is well exposed to different factors and can be resilient,\u201d said Wendling, who has announced he will retire in April.<\/p>\n<p>His successor, Annesley Wallace, will inherit a different set of circumstances than Wendling did five years ago, though he took the reins at HOOPP just as the economic impacts of the COVID-19 pandemic were setting in.<\/p>\n<p>Michael Wissell, HOOPP\u2019s chief investment officer, said the fund\u2019s diversification by asset class and geography positions it to manage upheaval, from pandemics to the current trade-driven uncertainty.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot16 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste6072668575507060716655343348744192\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg 1600w\" alt=\"Posthaste\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.1\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. 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=\"advertisment4504748135328126036267883231707136\" 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>For example, he said the fund is invested in European equities, which were lagging U.S. markets but have begun to outperform.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cWhen you go into a moment in time that might be particularly chaotic, if you\u2019ve entered into it with a really diversified portfolio and high liquidity, you just start to take advantage of these situations,\u201d he said.<\/p>\n<p>HOOPP opened an office in London last June to increase exposure to partnerships in the United Kingdom and Europe.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Still, the fund remains heavily connected to Canada and its economic fortunes. More than $60 billion of HOOPP\u2019s assets \u2014 50 per cent \u2014 are invested in Canada and the fund is one of the biggest investors in Canadian bonds, with more than $40 billion in total government bond holdings at the end of December.<\/p>\n<p data-async=\"\">Wendling said Mark Carney replacing Prime Minister Justin Trudeau is good for the country because it brings some stability to Ottawa.<\/p>\n<p>\u201cIt looks like we\u2019ll probably have an election sooner than we might have otherwise,\u201d he said. \u201cThat\u2019s probably a good thing to get some clarity one way or another so as we try to deal with what\u2019s going on in the U.S., we have a new leader with a mandate.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment9004339771570505224548530989826048\" 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 data-async=\"\">Wendling said that although Carney, former governor of both the Bank of Canada and the Bank of England, is known to Bay Street, HOOPP\u2019s management is \u201cagnostic\u201d when it comes to which party governs.<\/p>\n<section aria-labelledby=\"moreTopicLabel4520729775381026698499360135577600\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" 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https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Transport Canada on Friday issued a policy statement that said pension funds can enter commercial subleases to invest in and develop airport lands with not-for-profit airport authorities across the country that operate 22 major facilities. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=80&sig=_xMnRo1b0G8_pni7CUOnrg\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=5&sig=ezcFX7SH-f0s3wnjXEZ_qQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=96&strip=all&quality=80&sig=_xMnRo1b0G8_pni7CUOnrg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=192&strip=all&quality=80&sig=mvk7gERyhLmEeXUN_hPBSw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-bc-pearson.jpg?h=288&strip=all&quality=80&sig=pCltdA2AfQx04TbQbvcS_Q 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Ottawa lays out path for pensions to invest in Canada&#8217;s airports<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" hoopp=\"\" is=\"\" tackling=\"\" the=\"\" challenge=\"\" of=\"\" green=\"\" investing=\"\" 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:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The Healthcare of Ontario Pension Plan, with more than $100 billion in assets under management, announced a series of climate commitments on March 13.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=80&sig=E4DWg89qMEbX5lsr-hvdoA\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=5&sig=6_8Getg_mtw52WCjwojQlQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=96&strip=all&quality=80&sig=E4DWg89qMEbX5lsr-hvdoA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=192&strip=all&quality=80&sig=VQpU_x3tt81GpFW7YB62DA 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/HOOPP-investing-gs0313-1.png?h=288&strip=all&quality=80&sig=nPmrQ9Zfljr3NyfG5rX6Eg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">How HOOPP is tackling the challenge of green investing<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" canada=\"\" pressure=\"\" builds=\"\" on=\"\" pension=\"\" plans=\"\" 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:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"As Canada\u2019s pensions are pushed to shift investments home, they\u2019re also re-examining a strategy that sets them apart from many other public entities that oversee retirement income.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=80&sig=vYqIvmu_esyF3oB3Q8XROA\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=5&sig=q8MzWUXjHkckuasQxmrZ4w&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=96&strip=all&quality=80&sig=vYqIvmu_esyF3oB3Q8XROA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=192&strip=all&quality=80&sig=DbPu8QCVMAwkAydtW0WgOw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0312-mg-pension.jpg?h=288&strip=all&quality=80&sig=tWTD2p-jr7YRj70GZPYqmw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">&#8216;Buy Canada&#8217; pressure builds on pension plans<\/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>But one thing on his wish list for whoever takes the reins in Ottawa next is the return of real return bonds.<\/p>\n<p>In late 2022, the Liberals announced they would stop issuing the popular bonds, which helped pension funds that pay out inflation-indexed benefits balance their assets and liabilities.<\/p>\n<p>The government\u2019s rationale that there was low demand for the bonds was quickly dismissed by senior pension officials, who were outspoken about efforts to get the government to reverse its decision.<\/p>\n<p>Nothing came of those efforts, but Wendling said he hopes whoever is in charge of the next government will reconsider.<\/p>\n<p>\u201cWe\u2019re hopeful,\u201d he said. \u201cWe were big buyers of Canadian real return bonds.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email: bshecter@postmedia.com<\/em><\/p>\n<p data-async=\"\"><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><\/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 \/>Tariff war, stock dips challenge pension funds<\/a><br \/>\n<br \/>2025-03-12 10:42:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Finance News HOOPP CEO hopes Canada&#8217;s next prime minister and government will bring back real return bonds Get the latest from Barbara Shecter straight to your inbox&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/hoopp-0312-ph.jpg?quality=90&strip=all&w=288&h=216&sig=Ns9wXYtm0FPQnyzCuTq0WQ","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-57314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57314","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=57314"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57315"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}