The Globe and Mail reports in its Thursday edition that Brookfield Asset Management floated an exploratory proposal to launch a fund worth as much as $50-billion that would seek to raise money from major Canadian pension funds and from Ottawa to invest in Canadian assets -- but was met with tepid interest. The Globe's James Bradshaw writes that in recent weeks, Brookfield floated the idea for such a fund with some of Canada's largest pension funds. The talks were preliminary and have not reached a pitch stage, and the proposal is unlikely to get traction. Brookfield was exploring a plan to raise most of the capital for the fund, likely more than $35-billion, from several of Canada's largest pension funds. Brookfield would also seek a $10-billion contribution from the feds, and pitch in as much as $4-billion of its own capital. The proposal is unlikely to get traction as the pension funds have been cool to the idea from the start. After Mark Carney, chair and head of transition investing at BAM, was appointed last week to lead an economic task force advising Prime Minister Justin Trudeau and the Liberal party, the idea is even less likely to gain steam given the potential for perceived conflicts of interest.