SNC-Lavalin’s sale of 407 hits new obstacles — including an $81-million bill and litigation

SNC-Lavalin Group Inc. on Friday announced a fresh spate of problems in its plan to sell a coveted 10-per cent stake in the 407 toll road, including a bill for tens of millions of dollars and litigation. Read More

‘It spills over’: Investors to face trade war headwinds, CPPIB’s Machin warns

Mark Machin, chief executive of the Canada Pension Plan Investment Board, said the trade dispute between and heightened tensions between the United States and China offer little good news for investors over the next 12 months. Read More

Canadian drug makers hit with $1.1-billion suit for pushing opioids despite risks

TORONTO — Canadian drug makers enriched themselves at the expense of vulnerable patients by illegally and deceptively promoting highly addictive opioids that have killed thousands in recent years, a proposed class action filed Wednesday asserts. Read More

Canada Pension Plan’s investment board racks up 8.9% return, more than enough to sustain fund until 2090

TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year. Read More

Alex Tapscott settlement in blockchain venture approved by OSC panel

Alex Tapscott and NextBlock Global Ltd., a blockchain venture that shelved a public offering following a report that it listed prominent industry players as advisors who hadn’t agreed or consented to act in that capacity, have paid $1 million in penalties to settle Ontario Securities Commission allegations of breaching securities rules through misleading disclosure. Read More

$2 billion payout to couple who said they got cancer from the weedkiller Roundup is warning on lawsuits to come

Bayer AG was ordered to pay more than US$2 billion in damages to a California couple that claimed they got cancer as a result of using its Roundup weedkiller for about three decades, raising pressure on the company to settle thousands of similar lawsuits. Read More

The Bank of Canada is pushing a private mortgage-backed securities market — but is anybody buying?

Bank of Canada Governor Stephen Poloz wants to grow a market for private mortgage-backed securities in Canada, but demand for such investments, which still carry the stigma of the financial crisis, appears to be scarce. Read More

$5 billion laundered through B.C. real estate last year — boosting cost of buying a home by 5%

VICTORIA — An independent report has found that $5 billion was laundered through British Columbia’s real estate market last year and increased the cost of buying a home by five per cent. Read More