In the first half of the year, the Canadian Ontario Teachers' Pension Plan reduced its exposure to the US dollar by 56%, while the Canadian dollar appreciated strongly during the same period.

With the surge of the Canadian dollar against the US dollar, the Ontario Teachers' Pension Plan reduced its exposure to the US dollar by 56% in the first half of the year. The pension fund stated that as of the end of June, its net exposure to the US dollar was 40.2 billion Canadian dollars, the lowest level since the middle of 2021. At the time of this adjustment, the Canadian dollar recorded its strongest first-half increase in nearly a decade, driven by the turbulent US trade policy.