By Harnaik Singh Rathor, Founder & Chief Editor, StudioX News Canada
Sydney, Australia – March 4, 2026
More than a dozen of the world’s largest pension funds from Canada and Australia signed a landmark Memorandum of Understanding (MOU) on March 3, launching the Canadian-Australian Pension Funds Investment Initiative (CAP Invest).
The agreement, announced during Canadian Prime Minister Mark Carney’s visit to Sydney, commits signatories to collaborate on removing policy barriers and unlocking long-term private investments between the two nations.
The signing featured Canadian Finance Minister François-Philippe Champagne and Australian Assistant Treasurer Daniel Mulino alongside fund leaders. Australian participants include AustralianSuper, Australian Retirement Trust, Aware Super, CareSuper, CBUS Super, HESTA, Hostplus, IFM Investors, and Rest.
Canadian signatories are CPP Investments, Ontario Teachers’ Pension Plan (OTPP), OMERS, PSP Investments, La Caisse, Alberta Investment Management Corporation (AIMCo), British Columbia Investment Management Corporation (BCI), HOOPP, and Investment Management Corporation of Ontario (IMCO).
Canada and Australia host the world’s second- and fourth-largest pension systems, projected to manage A$20 trillion combined by 2040. The initiative targets infrastructure and private markets to deliver strong returns for millions of workers and retirees.
CPP Investments emphasized fostering “patient capital,” while PSP Investments praised Australia’s strategic market role. This builds on recent pacts in critical minerals and supports “middle power” diplomacy.
StudioX News Canada, under Harnaik Singh Rathor, will monitor CAP Invest’s effects on cross-border investments and diaspora communities.
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