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Canadian pension fund recommends yen, gold and franc after souring on U.S.

Summary by Financial Post
Canadian pension giant IMCO recommended the Swiss franc, Japanese yen and gold as potential alternatives to the U.S. dollar. Read more here.

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One of Canada’s largest institutional investors is recommending the Swiss franc, Japanese yen and gold as possible alternatives to the US dollar, while President Donald Trump’s policies push the dollar. The US dollar depreciated even when Treasury bond yields rose after Trump’s tariff announcements on April 2, which could indicate that investors no longer consider the currency as a safe haven, Ontario’s Investment Management Corp. declared Wedne…

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Financial Post broke the news in Canada on Wednesday, January 28, 2026.
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