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Third-Quarter Highlights: 10-year annualized net return of 10.8% TORONTO, Feb. 11, 2021 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) ended its third quarter of fiscal 2021 on December 31, 2020, with net assets of $475.7 billion, compared to $456.7 billion at the end of the previous quarter. The $19.0 billion increase in net assets for the quarter consisted of $23.0 billion in net income after all CPP Investments costs less $4.0 billion in net Canada Pension Plan (CPP) outflows. CPP Investments routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year. ....
Share this article Share this article TORONTO, Jan. 27, 2021 /PRNewswire/ Premium Brands Holdings Corp (TSX:PBH) and a coalition of Mi kmaq First Nations have completed the acquisition of Clearwater Seafoods Inc. (TSX:CLR) acquiring all of the issued and outstanding common shares of Clearwater for $8.25 per share in a transaction valued at approximately CAD 1.0 billion. Clearwater shareholders provided overwhelming support for the transaction, with 99.89% of the shareholders voting to approve the transaction. Combined with Premium and the First Nations existing seafood operations, the new entity will have more than CAD 1.3 billion in annual sales.
We are delighted to be working with Premium Brands and the Mi kmaq to continue to grow and strengthen our business while preserving our culture and community presence. ....
iPolitics By iPolitics. Published on Jan 26, 2021 6:02am Natural Resources Minister Seamus O Regan in Ottawa in June 2019, says his government is looking at all options to keep Line 5 operational. (Andrew Meade/iPolitics) Today’s Morning Brief is brought to you by the Canadian Construction Association. The CCA urges the Government to remove barriers, declutter the administration and approval process, and consider increased investments in infrastructure until the economy is firmly on its way to economic recovery. Read more.
Ottawa eyes a Buy America policy exemption: The Liberal government will press U.S. President Biden for an exemption from his stricter procurement rules, after the president signed an executive order on the issue yesterday. ....
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Darren Calabrese/The Globe and Mail Seven Mi’kmaq First Nations are now co-owners of one of the largest seafood companies in North America in a historic sale that transforms the role of Indigenous people in Atlantic Canada’s fishery. The acquisition of Halifax-based shellfish giant Clearwater Seafoods is the largest investment in the seafood industry by an Indigenous group in Canada. The coalition of First Nations partnered with B.C.’s Premium Brands Holdings, a specialty food manufacturer and distributer, ....
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