TORONTO (March 4, 2026) – The Investment Management Corporation of Ontario ("IMCO") has signed a Memorandum of Understanding as part of the Canadian–Australian Pension Funds Investment Initiative (CAP Invest Initiative), reinforcing its long-standing commitment to investing in Canada, and supporting the ongoing cooperation between Canada and Australia in the interest of mutual value creation.

The CAP Invest Initiative was launched by leaders of some of the largest pension funds and asset managers in Australia and Canada. The Memorandum of Understanding supports Canadian pension funds, Australian industry super funds, and their investment organizations in facilitating dialogue with governments on policy barriers and potential solutions to improve the business environment for investment in each jurisdiction. The initiative is intended to help unlock greater pools of long-term capital for private investment on behalf of millions of working and retired people in both countries.

Signatories to the Memorandum also commit to building awareness of investment models that leverage the expertise of long-term, reliable pension capital, with the objective of delivering strong risk-adjusted returns for beneficiaries and sustainable value for investee companies.

With a shared heritage, open and resource-rich economies, strong creditworthiness, and transparent legal systems, Canada and Australia offer fertile ground to bolster cross-border investment opportunities.

IMCO remains committed to Canada and continues to actively seek new opportunities to invest and deploy capital domestically. By helping move capital across the Canadian finish line, IMCO’s operations and investment activities are designed to deliver long-term value for clients while contributing meaningfully to the strength, resilience, and competitiveness of the Canadian economy.