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Tag Archives: Investment

RioCan Real Estate Investment Trust is selling 49 American shopping malls to Blackstone Group

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TORONTO — Canada’s largest real estate investment trust is selling off its U.S. portfolio and reaping close to $1 billion in profit with about half it coming from the sinking loonie. RioCan Real Estate Investment Trust said Friday it is selling its U.S. portfolio of 49 retail properties located in …

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Fission Uranium nears landmark $82-million investment from state-owned Chinese giant CGN Mining Company Ltd

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Fission Uranium Corp. is closing in on a landmark deal with a Chinese company that would represent China’s first direct investment into a Canadian uranium firm. ‘This one is special’: Fission Uranium’s monster resource estimate rekindles takeover chatter The monster resource estimate announced by Fission Uranium Corp. has boosted takeover …

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China Investment Corp retreats from Canada after mining, energy investments sour

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After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities. Fortune Lost: The short, brutal and costly ride of China Investment Corp. …

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Alberta losing reputation as energy investment destination in wake of higher taxes

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Alberta, home to Canada’s oilsands, slid lower in a global ranking of energy investment destinations as the industry’s mounting woes are compounded by higher provincial levies. Just as its oil and gas producers reel from a price crash and hurdles to pipeline projects like TransCanada Corp.’s Keystone XL, an increase …

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Oil investment cuts will curtail supplies soon: reports

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CALGARY — The bill for today’s low oil prices could come soon enough: With scores of projects cancelled and investment cuts expected to continue through 2016, industry’s ability to meet future demand is looking bleak. Even as the market continues to focus on bearish short-term indicators, like high North American …

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CPP Investment Board invests US$555 million in Aston Gardens retirement properties in Florida

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TORONTO — The CPP Investment Board and a partner are jointly buying six seniors housing properties in Florida for US$555 million. The Toronto-based retirement fund manager will own 45 per cent of a new joint venture that will buy the Aston Gardens properties, which have a total of 1,930 rental …

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