OTTAWA — With the approach of the G7 summit in Quebec next week, Canada’s biggest pension plans are preparing to announce investments in a new sustainability fund. The Canada Pension Plan, OMERS, the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are each expected to pitch in $1 million apiece, with another $5 million from the federal government, the source said. Next week, finance and development ministers are gathered in Whistler, B.C., following previous ministerial meetings for other portfolios, a summit focused on women’s issues and another focused on youth issues. Recent phone calls between Canadian Prime Minister Justin Trudeau and his counterparts offer a look at the major themes of the summit. Trump’s presence could serve to hamper collective agreement on some of the major themes that Canada is pursuing, particularly on climate change.

Source: National Post May 28, 2018 17:22 UTC