News

Caisse, DP World to invest US$4.5 billion in global ports

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International port operator DP World reached a deal Thursday with the Caisse de dépôt et placement du Québec to pour an additional US$4.5 billion into ...

OMERS Ventures leads funding round for automotive intelligence company

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The Ontario Municipal Employees Retirement System’s venture capital arm has led a $9 million series-A funding round for automative intelligence firm Acerta Analytics Solutions Inc. OMERS Ventures was ...

OSFI lifting freeze on DB pension portability transfers, annuity purchases

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The Office of the Superintendent of Financial Institutions is lifting the temporary freeze on portability transfers for private pension plans. The move reverses the OSFI’s response in March to market ...

Wellington Management names incoming CEO

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Wellington Management Co. will be appointing Jean Hynes as chief executive officer upon the retirement of its current CEO Brendan Swords on June 30, 2021. “One of the ...

Greystar joins CPPIB, Cyrela in Brazilian residential real estate joint venture

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Greystar Real Estate Partners is joining the Canada Pension Plan Investment Board and Cyrela Brazil Realty in a joint venture that will develop, own and operate ...

BCI investing in Indian telecom towers

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The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. With the transaction totalling an equity commitment ...

Economists agree we’re in a recession, but there’s little consensus on why

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Economists say there is no doubt that Canada is experiencing a recession, but the exact criteria determining one is underway can be fraught with confusion. Broadly ...

Canadian economy posted record drop in second quarter due to pandemic

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The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before ...

Aon, Willis Towers Watson merger receives shareholder approval

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Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and other closing ...

Macklem says central bankers must speak simply or risk losing public trust

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The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens ...

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