AGP Executive Report
Last update: 9 hours agoAir Canada Deal: Air Canada is selling a 25% stake in Aeroplan to Blackstone and Canadian pension funds for $2.5B, aiming to cut debt and fund a share buyback. Payments Shake-up: RBC and BMO are moving to sell Moneris to Francisco Partners for about $1.4B, reshaping Canada’s payments landscape. Pension Moves: OMERS says it earned a 4.8% return in the first half and added $1B in Canadian stocks to boost domestic holdings. Indo-Pacific Defence: Canada’s Senate approved third-reading resolutions backing Status of Visiting Forces Agreements with the Philippines, marking Canada’s first Indo-Pacific SOVFA. Wildfire Reality Check: Manitoba opened Canada’s first Indigenous-led supervised drug-use site in Winnipeg after delays, while B.C. wildfire evacuees continue to seek reliable updates amid misinformation fears. Economy & Costs: A Fraser Institute report says corporate subsidies hit $87.7B in 2024, and Saskatchewan’s Taxpayers Federation is pushing to axe gas taxes as pump costs climb. Trade Pressure: Canada and the U.S. are still negotiating as tariff deadlines loom, while Ottawa also keeps making progress on a potential trade deal with India. Tech & Space: MDA Space unveiled a made-in-Canada control centre for the CHORUS satellite system ahead of a December launch.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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