Finance Minister Nate Horner highlighted Harper’s credentials as a former G7 leader and “a steward of tax dollars,” calling him an ideal candidate for the role.
AIMCo, as detailed in its latest annual report, manages $161bn in assets with 600 employees in offices across Edmonton, Calgary, Toronto, Luxembourg, and London, UK.
The agency oversees $118bn in public sector pension investments, benefitting Albertans such as teachers, police officers, and municipal workers.
However, the recent leadership shakeup has reignited debates over pension policy in Alberta. This follows a push by Premier Smith’s United Conservative Party to explore withdrawing from the Canada Pension Plan (CPP), a move AIMCo could play a role in managing.
The Alberta government claims no decision has been made about leaving the CPP. A provincial report estimates Alberta could claim over half of the CPP’s assets, amounting to $334bn, if the province were to exit.
