The Globe and Mail reports in its Tuesday edition that grocery shoppers are all-in on buying Canadian. Guest columnist James Thai writes that this is also the perfect time to put that American stock back on the shelf and buy Canadian. This is not a new idea. In March, 2024, an open letter by executives pushed for our pension funds to invest more in Canada. Across a wide range of industries, business leaders such as Darren Entwistle of Telus, Eric La Flèche of Metro, Laurent Ferreira of National Bank and Alex Pourbaix of Cenovus agreed that the government should take action to encourage pension funds to make this change. Now there is additional impetus for more domestic investment by pension funds. In essence, this mirrors the support we are providing to local businesses, artisans and farmers. When our pension funds invest in domestic equities, they are investing in the very companies that employ people in the local economy. When those companies succeed, so does Canada. It is a virtuous cycle -- better stock-market valuations allow companies to raise money and compete on the world stage, and success draws in further investment dollars and drives better returns. The federal government appears to support such moves.
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