Nearly half of national public pension plan is invested in U.S. — and only 12% in Canada
investor, then we might have a problem to get our money back,\” he said. \”So, we have to be careful.\”
For Peterson, the former finance department official who helped create the stable CPP, the debate over where the fund is investing is a crucial one for all Canadians.
\”It\’s important for people to know where their money is being invested,\” she said. \”If the CPP is investing less in Canada, then it\’s not contributing to the growth of our own economy.\”
Peterson believes that while diversification is important, there needs to be a balance between investing abroad and investing at home.
\”We need to make sure that we are creating jobs and opportunities here in Canada,\” she said. \”The CPP has a responsibility to contribute to the growth and development of our own country.\”
As the CPP continues to grow and expand, the debate over where it should be investing its assets will only intensify. With billions of dollars at stake, it is crucial for Canadians to have a say in how their retirement funds are being used.
The future of the CPP and its investments remains uncertain, but one thing is clear — Canadians will be watching closely to see where their money is going and how it is being used to benefit the country as a whole.
