CPP Investment's Chief Investment Officer calls for economic diversification in response to U. S. trade policies
April 04, 2025
Edwin Cass, Chief Investment Officer of Canada Pension Plan Investments, urged the country to diversify its economy in response to U.S. tariffs.
Speaking at the Australian Financial Review Business Summit in Sydney, Cass told the industry audience that Canada was economically “tied at the hip” to the U.S.
“One of the things we obviously should have been doing in the past, and I think you’ll see going forward, is that we’ll try and diversify our economy a lot more and we’ll try and do some things to make it more competitive on the world stage,” Cass added.
Although the Trump administration appears to be trying multiple interventions at once, Cass did not discount the possibility that their actions could ultimately succeed in boosting U.S. productivity.
“There is a way that those combinations of policy levers can end up with a better result in the U.S., but it’s going to be a bumpy road,” Cass told the conference.
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