Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceTransportationPension funds in talks with Canada on airport deals, Caisse CEO saysCanada’s public pension funds have plenty of experience as investors in airports, especially in EuropeLast updated Jun 17, 2026 You can save this article by registering for free here. Or sign-in if you have an account.A traveller passes Air Canada planes at Pearson International Airport in Toronto. Photo by Postmedia News ArchivesThe head of Caisse de Depot et Placement du Quebec says Canadian pension funds are having active talks with the government about investing in the country’s airports.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“There have been some discussions in recent weeks and days,” La Caisse chief executive Charles Emond told reporters in Montreal. “On that front, they want to move forward. It’s a proactive government, with businesspeople who know how to get things done.”Canada’s public pension funds, which collectively manage trillions of dollars, have plenty of experience as investors in airports, especially in Europe. But they’ve been shut out of making similar investments in Canada, where major airports are typically run by not-for-profit airport authorities, with the federal government owning the land.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againBut Prime Minister Mark Carney said his government is considering options for airports to generate capital for other investments to boost Canada’s economy.Emond said the talks involved a number of pension funds and are currently about clarifying what exactly the government is willing to sell, and under what operating agreements.“I think the government is looking into the governance of all this,” he said. “They’ll need to define the deal, to structure, to engage advisers, and buyers will show up.”Any sale has the potential to bring in many billions of dollars for the government, depending on how it’s structured. The Greater Toronto Airports Authority, which owns the country’s busiest hub, Toronto Pearson, earned almost $1 billion before interest, taxes, depreciation and amortization last year on around $2.1 billion in revenue.La Caisse held a significant stake in London’s Heathrow Airport for almost 20 years until its exit last year. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.