A consortium led by Ontario Teachers’ Pension Plan Board and Borealis Infrastructure won antique dealer war to purchase London City Airport for about 2 billion pounds (US$2.8 billion), based on people acquainted with the problem. The group beat an adversary bid from China’s HNA Group to get the facility from Global Infrastructure Partners, the person said, asking not to be ...

Husky Energy Inc, Canada’s No. 3 integrated oil company, posted a smaller-than-expected quarterly loss as cost cuts help cushion the impact from slumping crude oil prices. The company posted a loss of revenue of $69 million, or 9 cents per share, for the fourth quarter, compared with a loss of revenue of $603 million, or 65 cents per share, last ...

SHANGHAI — The Organisation for Economic Cooperation and Development (OECD) called on Friday around the world’s 20 biggest economies to step up the slowing pace of reforms to enhance economic growth amid sluggish trade and weak investment. ‘Flashing warning signs’: Canadian markets bracing for ‘dramatic’ Bank of Canada action – and a recession Recent moves in Canadian financial markets claim ...

AURORA, Ont. – Magna International Inc. (TSX:MG) says the strong American dollar had a significant negative impact on its fourth-quarter revenue, which is reported in U.S. currency. The Canadian autoparts giant based in Aurora, Ont., says its sales during the last three months of 2015 were $8.6 billion, down three percent from $8.8 billion last year. It says that included ...

TORONTO – The OMERS pension fund is reporting a 6.7 percent net return last year around the investments it manages for municipal along with other public-sector workers across Ontario. OMERS says its assets grew by $5 billion last year after expenses to around $77 billion, with 52 percent in public investments and 48 percent in private investments. Returns for its ...

Peak-oil theorists – they’re those who predicted $300-a-barrel oil, because new discoveries wouldn’t materialize – were fundamentally immediately after all. So they say. How Trudeau helps the Saudis’ scheme to sideline Canadian oil Allan Richarz: By tightening the screws on domestic production while seeing a rise in Saudi-originating imports, we are helping accelerate our own energy sector’s decline. Read on ...