TSX could 'disappear' without more domestic investment from Canadian pensions: Letko
Quote:
A veteran wealth management executive says that unless Canada’s largest pension plans start investing more domestically, institutions like the Toronto Stock Exchange could one day fall by the wayside.
Peter Letko, co-founder and partner at investment management firm Letko Brosseau, told BNN Bloomberg that Canada’s economic and financial health is being impacted by the low level of investment from Canadian pension funds.....
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What the angle is here. He is advocating for increased domestic investment from CPP funds to support the Canadian economy and financial market...OR ELSE: DOOM ?