With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country.
Blackstone, the world’s largest alternative asset management company which oversees US$1 trillion in assets, is opening up an office in Canada as it commits to growing its presence and investments in the country.Jonathan Gray, president and chief operating officer of Blackstone, told BNN Bloomberg that his company has “a lot of enthusiasm” about Canada’s economy – and he sees the country’s growing population as its largest asset for future growth and productivity.
https://www.bnnbloomberg.ca/blackstone-bets-on-canadian-immigration-to-usher-in-growth-1.1977071
“We think the resource that (Canada) is most rich in is human talent,” Gray said in a television interview on Wednesday.
“The fact that the population in Canada is growing at 2.7 per cent, five times the rate of the U.S., it’s very bullish. Many of those folks are quite educated as well.”