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It’s Tuesday, Sept. 15. Here are the top stories we’re following today.
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Prime Minister Mark Carney kicked off the Canada Investment Summit‘s Tuesday program by announcing that Ottawa will seek private investment to operate the country’s four biggest airports and use the capital raised — expected to be in the “tens of billions of dollars” — to reinvest in other priorities.
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Disruptions to the world order on trade and an increase in military conflict are turning the spotlight on Canada as a reliable potential partner for global investment, foreign affairs minister Anita Anand said Monday as her government kicked off its inaugural Canada Investment Summit.
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More than half of Canadian parents provided financial support to their adult children over the past year, giving an average of $6,151, according to a Royal Bank of Canada report this week.
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BCE Inc. says it’s quadrupling the size of its planned artificial intelligence data centre in Saskatchewan to 1.2 gigawatts by building three additional facilities. The project, Bell AI Fabric, at full buildout, including data centre infrastructure and related power generation, could exceed $50 billion in “capital investment and economic activity,” BCE chief executive Mirko Bibic said in a speech on Monday.
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The instructions for Canada’s revived trust reporting rules — determining whether an arrangement is a trust at all, whether it’s a bare trust or whether one of the many carve-outs applies — remain vague, built on undefined terms and facts that are often genuinely unknowable at the time you need them.
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