AIMCo stops non-essential business trips to U.S. amid trade war

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Downtown Calgary skyline.

Alberta Investment Management Corp.

Employees said that due to the sensitivity of the matter, employees were no longer able to attend meetings or speech events in the United States, but were still allowed to attend board and investor meetings.

Aimco, which oversees $179.6 billion, declined to comment. The decision of the Edmonton-based pension fund comes after the Canadian government warned travelers entering the United States that they should “look for a review” and may search for their electronic devices.

Since Trump imposed tariffs on Canada and other countries, the provincial government has begun to curb its ties with U.S. businesses. Last month, Alberta avoided Bank of America Corp.

Pension managers are undergoing a restructuring and closing their Singapore and New York offices after the Alberta government abruptly rejected CEO Evan Siddall and the entire board in November.

Bloomberg.com

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