Mr. Speaker, the CPPIB was set up by the federal, provincial and territorial governments to prudently invest surplus Canada pension plan funds. The CPPIB operates at arm’s length from Canadian governments.
Under current legislation and regulations, the government is not able to require the CPPIB to disclose its holdings in addition to the disclosure requirements to which CPPIB is subject under the Canada Pension Plan Investment Board Act. Federal and provincial governments also do not have the authority to cause the CPPIB to divest any holdings.