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Ontario Teachers’ Pension Plan finds new chief investment officer in Denmark

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The Ontario Teachers’ Pension Plan has appointed a new chief investment officer to replace longtime CIO Neil Petroff, who retired in June. Bjarne Graven Larsen, who will also serve as executive vice-president, takes the role Feb. 1, and will report to chief executive Ron Mock. Graven Larsen is a former CIO …

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How the Liberal ‘revenue neutral’ tax plan could cost billions and push top talent south

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OTTAWA — The cornerstone of the Liberal campaign platform was a pledge to grow the economy and create jobs by putting more cash into the hands of middle-class Canadians through aggressive new tax measures. But that policy pillar — to be supported by higher tax payments by the country’s biggest wage …

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Detour Gold targets lifted on improved mine plan

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Shares of Detour Gold Corp. have jumped more than 10 per cent in the last two days as several analysts heaped praise on the company for its new mine plan and hiked their price targets. Detour, which operates a massive open-pit mine in Northern Ontario, announced the updated plan on …

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Brookfield, Starwood said to plan US$785-million German Interhotel sale

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Brookfield Property Partners LP and Starwood Capital Group plan to sell German hotels valued at as much as 700 million euros (US$785 million), according to two people with knowledge of the matter. The owners have hired JLL and Eastdil Secured LLC to advise on the sale of the 10 hotels, …

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Canadians without company pension plan face uphill battle to stay out of poverty, study finds

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Many aging Canadians do not have nearly enough saved up for retirement, a new study from the Broadbent Institute suggests. Canadians without an employee pension represent 47 per cent of those aged 55-64 in the country. A mere 15-20 per cent in this group are middle-class with enough savings to …

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Dream Office REIT jumps most in 7 years on plan to sell $1.2 billion of property and cut payout

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Dream Office Real Estate Investment Trust, Canada’s biggest office REIT, jumped the most in more than seven years after it said it would sell about $1.2 billion of property and reduce its payout to weather the energy downturn. Dream Office rallied as much as 14 per cent to $18.60 in …

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Ontario Teachers’ Pension Plan, Borealis said to win bidding war for London City Airport with US$2.8 billion offer

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A consortium led by Ontario Teachers’ Pension Plan Board and Borealis Infrastructure won a bidding war to buy London City Airport for about 2 billion pounds (US$2.8 billion), according to people familiar with the matter. The group beat a rival bid from China’s HNA Group to acquire the facility from …

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