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←Toronto Investment Board · 2026-09-25 · 2026.IB17.2

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Toronto Investment Board decides · Fri, Sep 25

Toronto Investment Board to consider relocating funds from long-term to short-term investment pool

Citywide

The council considered an update to the investment plan on September 25, 2026. The Toronto Investment Board took no action on the item.

How to act

The journey

Fri, Sep 25 · Toronto Investment Board · scheduled, not yet heard
Why is this story here?
ContainedThe proposal reallocates existing long-term fund assets to short-term liquidity management in response to evolved city cash flow forecasts. It is a genuine decision about how to invest public money and reflects changed circumstances, but it is bounded to internal fund management within the existing Investment Policy framework, reversible without major cost, and does not set a precedent that constrains future councils.Invisible to residentsEven if adopted, the segregation of long-term fund assets into a short-term portion is an internal treasury operation. It does not change services, rates, access, or any daily-life effect for residents. A report being received or a study being commissioned changes nothing on its own.

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The record as the City filed it

Staff recommended

The Director, Capital Markets and Treasury recommends that: 1. The Toronto Investment Board approve the updated Investment Plan, as set out in Attachment 1. 2. The Toronto Investment Board authorize the Chief Financial Officer and Treasurer and designate appropriate staff, to transfer funds from the Long-Term Fund's Short-Term Fund to the City's Short-Term Fund, as required to support liquidity requirements, up to the lesser of $2.0 billion or the available balance within the Long-Term Fund's Short-Term Fund.

Show the rest of Staff recommended, 968 more characters as filed

3. The Toronto Investment Board authorize the Chief Financial Officer and Treasurer, and designate appropriate staff, to take the necessary actions to implement the Investment Plan and meet the City's liquidity requirements. 4. The Toronto Investment Board direct the Chief Financial Officer and Treasurer to provide quarterly updates to the Board on the City's liquidity requirements, utilization of the Short-Term Fund, and progress in implementing the Investment Plan. 5. The Toronto Investment Board authorize the Chief Financial Officer and Treasurer to negotiate and enter into a non-competitive agreement with Aon to undertake an Asset Liability Management Study of the Long-Term Fund. 6.The Toronto Investment Board direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains information that involves the security of property belonging to the City or one of its agencies or corporations.

Considered

Official title: Investment Plan Update · the item as the City filed it

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