Showing posts with label foreign and domestic sovereign wealth funds. Show all posts
Showing posts with label foreign and domestic sovereign wealth funds. Show all posts

Friday, March 30, 2012

Canada To Allow Wealth Funds To Invest In Its Financial Institutions

OTTAWA -(Dow Jones)- The Canadian government said Thursday it plans to introduce legislation to allow foreign and domestic sovereign wealth funds to invest in Canadian financial institutions, a move which would allow banks and insurance companies to raise capital to meet new Basel banking rules.