We're working to strengthen Canada's sovereignty and economic prosperity through smart policy for the 21st century.
Toronto, Canada
Joined January 2025
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Like a spooky ghost, intangible assets haunt the economy.
Intangibles are the most important factor in shaping the flows of value in the 21st century, and Canada has done a poor job of capturing their strategic importance.
So where's is the IP review?
canadianshieldinstitute.ca/u…
We should be asking Canada's big pension funds to do more to propel the growth of the Canadian economy.
In this policy brief, we argue why the Maple 8 pensions should invest 3% of assets in high-growth Canadian companies: canadianshieldinstitute.ca/r…
PSP Investments highlights another problem we run into when studying the Maple 8.
They are very unreliable about disclosing meaningful detail that would allow for a critical examination of their investments.
Report card: canadianshieldinstitute.ca/r…
OTPP calls Canada its home market and operational cornerstone, but the fund sets out no explicit mandate to invest here.
The fund has cut its Canadian allocation since 2015, while posting lacklustre returns.
canadianshieldinstitute.ca/r…
OMERS is similar to many of its peers in the Maple 8.
The fund’s management presents lofty rhetoric about investing in Canada and supporting economic growth, but in reality the share of capital invested at home has been steadily declining.
Report card: canadianshieldinstitute.ca/r…
We're publishing report cards on Canada's biggest pension funds, looking at how much they invest in Canada.
Today we're looking at PSP Investments. Like many of their peers, their track record of investing in Canada is not great, and details are opaque.
canadianshieldinstitute.ca/r…
"We’re fighting a trade war over steel tariffs and dairy quotas while barely measuring our dependence on the digital systems that make the rest of our economy actually work."
Shield Managing Director @vassb in the Globe and Mail.
theglobeandmail.com/business…
Report Card on The Ontario Municipal Employees' Retirement System.
Similar to many of its Maple 8 peers, OMERS presents lofty rhetoric about investing in Canada. In reality the share of capital they invest at home has been steadily declining.
Read: canadianshieldinstitute.ca/r…
Read The Canadian Shield Institute's latest report on the Maple 8 pension funds and domestic investment, a strategy for Canadian growth: canadianshieldinstitute.ca/r…
Our Report Card on La Caisse de dépôt et placement du Québec (CDPQ).
CDPQ is distinctive among the Maple 8 pension funds, with a dual mandate to “generate optimal returns for depositors while contributing to Québec’s economic development.”
Read here: canadianshieldinstitute.ca/r…
Read The Canadian Shield Institutes’s latest policy report on the Maple 8 pension funds and domestic investment, a strategy for Canadian growth: canadianshieldinstitute.ca/r…
Read The Canadian Shield Institutes’s previous Report Card on the Canada Pension Plan Investment Board: canadianshieldinstitute.ca/c…
Read The Canadian Shield Institutes’s previous Report Card on The Healthcare of Ontario Pension Plan: canadianshieldinstitute.ca/h…
Compared to Global Peers, Canadian Pensions Invest Way Less At Home
New analysis from Michael Sarbanis. canadianshieldinstitute.ca/u…
Canada’s pension funds are not normal.
Often reporting less domestic investment compared to their global counterparts.
Other pension funds have domestic mandates and post good returns, can Canadian pension funds do the same?
Read more here: canadianshieldinstitute.ca/u…
To get all of our major policy releases and updates, sign up for the Canadian Shield Institute newsletter, The National Interest: canadianshieldinstitute.ca/n…
Our Report Card on the Healthcare of Ontario Pension Plan.
HOOPP has the largest share of its assets in Canada, relative to any of the Maple 8 pension funds. However, their investments are heavily skewed towards bonds and real estate.
Read here: canadianshieldinstitute.ca/h…