Economy of Toronto

Brookfield Announces Initial US$7 Billion Closing for Brookfield Global Transition Fund

Retrieved on: 
Tuesday, July 27, 2021

BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (“Brookfield”) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (“BGTF” or the “Fund”), establishing BGTF as the largest fund focused on the global transition to a net-zero economy. The Fund will build on Brookfield’s leadership in renewable power and deep operating capabilities to scale clean energy and invest capital to catalyze the transformation of carbon-intensive businesses to achieve Paris-alignment.

Key Points: 
  • BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (Brookfield) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (BGTF or the Fund), establishing BGTF as the largest fund focused on the global transition to a net-zero economy.
  • Bruce Flatt, CEO of Brookfield said, We are thrilled to have this group of strategic, like-minded partners investing alongside us in the Brookfield Global Transition Fund.
  • Mark Carney, Brookfield Vice Chair and Head of Transition Investing, added, Brookfield is committed to achieving net-zero by 2050 or sooner, and to accelerating the global net-zero transition.
  • The Brookfield Global Transition Fund, co-led by Mark Carney, Brookfield Vice Chair and Head of Transition Investing, and Connor Teskey, CEO of Brookfield Renewables, is Brookfields inaugural impact fund focusing on investments that accelerate the global transition to a net-zero carbon economy, while delivering strong risk-adjusted returns to investors.

Brookfield Infrastructure has Clear Path to Acquire Inter Pipeline Ltd. – Tender Deadline of 5pm (Mountain Time) on August 6th

Retrieved on: 
Tuesday, July 27, 2021

We look forward to working with the IPL Board to successfully conclude that our Offer isin the best interest of all IPL shareholders.

Key Points: 
  • We look forward to working with the IPL Board to successfully conclude that our Offer isin the best interest of all IPL shareholders.
  • Laurel Hill Advisory Group has also been engaged to act as Brookfield Infrastructures strategic communications advisor and proxy solicitation and information agent.
  • Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.
  • Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$600 billion of assets under management.

Brookfield Asset Management Completes Privatization of Brookfield Property Partners

Retrieved on: 
Monday, July 26, 2021

BROOKFIELD NEWS, July 26, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced that BAM has completed its previously announced acquisition of all of the limited partnership units of BPY and the exchangeable limited partnership units of Brookfield Office Properties Exchange LP.

Key Points: 
  • Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$600 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.
  • Brookfield Asset Management is listed on the NYSE and the TSX under the symbols BAM and BAM.A, respectively.
  • Brookfield Property Partners through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc. is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion in assets under management.

Carbon Streaming Announces Listing Debut on the Neo Exchange

Retrieved on: 
Monday, July 26, 2021

Carbon Streaming Corporation (Carbon Streaming or the Company) (NEO: NETZ) is pleased to announce that the Neo Exchange Inc. (NEO Exchange) has granted final approval of the Companys listing application and that Carbon Streaming will commence trading on the NEO Exchange as of 9:30am ET on Tuesday, July 27, 2021, under the symbol NETZ.

Key Points: 
  • Carbon Streaming Corporation (Carbon Streaming or the Company) (NEO: NETZ) is pleased to announce that the Neo Exchange Inc. (NEO Exchange) has granted final approval of the Companys listing application and that Carbon Streaming will commence trading on the NEO Exchange as of 9:30am ET on Tuesday, July 27, 2021, under the symbol NETZ.
  • Mr. Cochrane continued, Our public debut on the NEO Exchange marks yet another strategic milestone for Carbon Streaming, with many more yet to come.
  • Carbon Streamings debut on the NEO Exchange provides investors fresh exposure in the dynamic carbon economy at a global inflection point.
  • Join us for a Digital Market Open Event celebrating the launch of Carbon Streaming Corporation on the NEO Exchange Tuesday July 27, 2021, at 9:20 am ET.

CIBC launches industry-first Canadian Depositary Receipts ("CDRs") on the NEO Exchange

Retrieved on: 
Monday, July 26, 2021

TORONTO, July 26, 2021 /CNW/ -CIBC, NEO, and CIBC Mellon are excited to announce the launch of the first-ever Canadian Depositary Receipts ("CDRs"), which will be listed on the NEO Exchange.

Key Points: 
  • TORONTO, July 26, 2021 /CNW/ -CIBC, NEO, and CIBC Mellon are excited to announce the launch of the first-ever Canadian Depositary Receipts ("CDRs"), which will be listed on the NEO Exchange.
  • Modeled after the American Depositary Receipts ("ADRs") market, CDRs make it easy to invest in some of the world's largest companies in Canadian dollars.
  • "We are honoured to partner with CIBC and CIBC Mellon on this game-changing initiative, and look forward to championing CDRs on the NEO Exchange."
  • "The team at CIBC Mellon is proud to collaborate with CIBC and the NEO Exchange and leverage our global operational capabilities to bring CDRs to Canadian investors."

Brookfield Property Partners Announces Results of Unitholder Elections in Privatization Transaction

Retrieved on: 
Friday, July 23, 2021

BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”).

Key Points: 
  • All dollar references are in U.S. dollars, unless noted otherwise1
    BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.s (BAM) acquisition of all of the limited partnership units of BPY (the transaction).
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

Cenovus to hold Q2 conference call and webcast on July 29

Retrieved on: 
Thursday, July 22, 2021

CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 second quarter results on Thursday, July 29.

Key Points: 
  • CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 second quarter results on Thursday, July 29.
  • The news release will provide consolidated second quarter operating and financial information.
  • The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans.
  • Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the companys preferred shares are listed on the Toronto Stock Exchange.

RioCan Real Estate Investment Trust appoints Dennis Blasutti as new Chief Financial Officer

Retrieved on: 
Thursday, July 22, 2021

TORONTO, July 22, 2021 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (RioCan) (TSX: REI.UN) today announced the appointment of Dennis Blasutti as Chief Financial Officer of RioCan, effective September 7, 2021.

Key Points: 
  • TORONTO, July 22, 2021 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (RioCan) (TSX: REI.UN) today announced the appointment of Dennis Blasutti as Chief Financial Officer of RioCan, effective September 7, 2021.
  • Mr. Blasutti joins RioCan from Brookfield Asset Management where he most recently served as Managing Director, Infrastructure, and Chief Financial Officer for Enwave Energy, Brookfields district energy business, during a period of robust organic growth and capital investment.
  • In his time at Brookfield, Mr. Blasutti also held progressively senior roles, within the corporate finance and infrastructure groups.
  • RioCan is one of Canadas largest real estate investment trusts.

Despite continued pandemic hardships, close to 70 per cent of business owners in Canada feel optimistic about the long-term: CIBC Poll

Retrieved on: 
Thursday, July 22, 2021

"Canadian business owners continue to show extraordinary resilience during these difficult times," said David Leuty, Senior Vice-President, Business Banking, CIBC.

Key Points: 
  • "Canadian business owners continue to show extraordinary resilience during these difficult times," said David Leuty, Senior Vice-President, Business Banking, CIBC.
  • Top concerns remain similar to when the pandemic first broke, but amongst fewer business owners.
  • In order to manage through the pandemic and into the future, many business owners have implemented a number of changes.
  • CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients.

OverActive Media Provides Corporate Update as Positive Business Momentum Continues

Retrieved on: 
Wednesday, July 21, 2021

TORONTO, July 21, 2021 (GLOBE NEWSWIRE) -- OverActive Media Corp. (OverActive or OAM) (TSXV:OAM), a global sports, media and entertainment company issued the following corporate update - including team and business highlights - following the successful commencement of trading of its shares on the TSX Venture Exchange on Wednesday, July 14, 2021.

Key Points: 
  • TORONTO, July 21, 2021 (GLOBE NEWSWIRE) -- OverActive Media Corp. (OverActive or OAM) (TSXV:OAM), a global sports, media and entertainment company issued the following corporate update - including team and business highlights - following the successful commencement of trading of its shares on the TSX Venture Exchange on Wednesday, July 14, 2021.
  • As Media in Canada highlighted last week, Its been a busy week for OverActive Media as it continues to make strides towards becoming a global sports, media (and) entertainment company.
  • This positive momentum reflects the increased buy-in of large mainstream brand partners to the Call of Duty ecosystem.
  • OverActive does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.