Pension Pulse

Barbara Shecter of the National Post reports  PSP aims to boost Canadian investments by at least 30 per cent in the coming years, CEO says: One of Canada’s largest pension funds expects to boost investments in Canada by 30 per cent to 40 per cent over the next few years, bringing its total assets invested at home above the $100 billion level. The Public Sector Pension Investment Board’s target stems from a more uncertain global landscape alongside new opportunities at home, said Deb Orida, chief executive of PSP, which has $320.6 billion under management and is a co-host of Prime Minister Mark Carney’s global summit, which will bring together top investors from more than two dozen countries across Asia-Pacific, Europe and the Middle East in Toronto next week. “We’ve been looking for opportunities to leverage our home ice advantage,” she said, adding that the fund already boosted Canadian investments by $10 billion in its most recent fiscal year through a combination of direct priva...

Sean Silcoff of The Globe and Mail reports La Caisse and B.C. billionaire Ryan beedie partner up to buy and develop industrial property across Canada:  One of Western Canada’s top property developers, Ryan Beedie, is teaming up with the Caisse de dépôt et placement du Québec to buy and develop industrial real estate nationally. His company, Burnaby, B.C.-based Beedie Holdings Ltd., has sold a half-share in six warehouses and distribution centres to the pension management giant for $500-million. The portfolio includes four Vancouver-area properties, one in Calgary and another under construction in Toronto. Together, they total 2.7 million square feet of leasable space and include facilities used by Sobeys, Aritzia and Amazon. Beedie will manage the properties . The partners have also agreed to buy or build up to $2-billion of additional industrial properties in large cities in Quebec, Ontario, Alberta and British Columbia. The Caisse has committed $500-million for that expansion. B...

Steve Randall of Wealth Professional reports  Canada leads global investor confidence, but scale gap remains: CPP report: Global investors trust Canada. The harder task is giving them enough to buy.  That is the central finding of two complementary reports published September 8, 2026 by the CPP Investments Insights Institute, the research arm of Canada Pension Plan Investment Board (CPP Investments) in Toronto. The reports - Competing for Capital: How Global Investors Choose Markets and Trusted, But Untapped: Canada's Next Competitive Advantage Is Investibility - draw on interviews with 65 senior investment professionals across 20 countries, collectively overseeing approximately $65 trillion in assets under management, or roughly one-third of estimated global AUM. The research was published in the lead-up to the Canada Investment Summit, scheduled for September 14 and 15, 2026 in Toronto, where global instit...

The Business Desk reports the UK’s largest private crematorium and cemetery firm sold in a private equity deal: Westerleigh Group, the UK’s biggest private crematorium and cemetery operator, is being acquired by global alternative asset manager ICG for an undisclosed sum. ICG’s European Infrastructure team will buy the business, based at Westerleigh, near Bristol, from Ontario Teachers’ Pension Plan and Universities Superannuation Scheme, which have jointly owned it since 2016. The company operates 42 crematoria across England, Scotland and Wales and describes itself as the UK’s largest developer of new crematoria, having opened 21 sites since 2016. Debbie Smith, chief executive of Westerleigh Group, said the firm’s priority had always been to provide exceptional care to the families and communities it served. “ICG Infra shares our commitment to investing in our people, facilities and services, and brings a long-term perspective that aligns closely with our ambitions,” she add...

Sean Conlon, Lee Ying Shan, Ananya Chetia and Chloe Taylor of CNBC report the Dow tumbles more than 260 points after strong jobs report reignites rate hike fears: The Dow Jones Industrial Average fell on Friday as August’s hotter-than-expected payrolls reading increased expectations that the Federal Reserve could raise interest rates at its next meeting. The 30-stock Dow was down 271.86 points, or 0.51%, closing at 53,414.25. The S&P 500 slid 0.38% to end at 7,718.60, while the Nasdaq Composite dropped 0.29% to 26,506.99. Nonfarm payrolls grew 162,000 last month, much more than the 53,000 that economists polled by Dow Jones expected. The unemployment rate held steady at 4.1%, as expected. On top of last month’s gain, figures for both June and July saw upward revisions. Treasury yields rose following the report, with the 2-year  yield hitting its highest level since January 2025 . Expectations that the Fed could raise rates in a couple weeks increased, as fed funds future...