Blackstone bets on Canadian immigration to usher in growth

One of the biggest asset management companies in the world is planning to make significant investments in Canada because highly educated immigrants are expected to increase the country’s population.

Blackstone, the largest alternative asset manager in the world with US$1 trillion in assets under management, has announced the launch of an office in Canada as part of its commitment to expanding both its presence and investments in the nation.

According to Jonathan Grey, president and chief operating officer of Blackstone, his company has “a lot of enthusiasm” about the Canadian economy and views the nation’s expanding population as its greatest asset for future growth and productivity.

Grey remarked in a television interview on Wednesday that he believed human talent to be the resource that (Canada) possessed in the greatest abundance. Read more-