AGP Executive Report
Last update: 4 hours agoEnergy Investment: Blackstone and Canadian pension funds CPP Investments, OMERS, IMCO and PSP Investments will invest $3.1 billion for a minority stake in Mitsubishi’s interest in LNG Canada, backing a project whose planned expansion would double capacity. Banking and Markets: Bank of Canada’s first rate hike in more than three years lifted its benchmark to 2.5%, with further increases possible; the loonie has also climbed to a six-week high as higher oil prices stoke inflation concerns. Trade Watch: Mark Carney and Donald Trump say their teams are working toward a Canada–U.S. trade deal, but no agreement has been announced. Canadian Capital Abroad: IDBI Bank employees began a two-day strike against the proposed sale of a 60% stake to Canada’s Fairfax Financial, questioning the valuation and process.
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