Canadian Banks and Pension Funds Pledge Billions in New Investment

Canadian banks and pension funds are earmarking billions for new investment in Canada. The Ontario Teachers' Pension Plan has pledged $10 billion in new investment by the end of 2027, while BMO has committed $70 billion in new spending to help build Canadian industry. The commitments target critical sectors and come as foreign money flows into Canada, much of it from the United States. Canada's credit rating could also be affected by Trump's trade war.