OTTAWA, Dec. 13 (Xinhua) -- The Canadian federal government announced Friday it will remove the cap that currently restricts Canadian pension funds from owning more than 30 percent of the voting shares of a Canadian entity.
According to a news release issued by the Finance Ministry, Ottawa aims to grow the economy and boost productivity, while strengthening the robust retirement incomes for Canadians, by unlocking Canadian pension funds, which have more than 3 trillion Canadian dollars (2.1 trillion U.S. dollars).
