Brookfield, Teachers part of consortium in US$10 billion Abu Dhabi pipeline deal

Two large Canadian institutional investors, Brookfield Asset Management and the Ontario Teachers’ Pension Plan, are part of a consortium paying US$10.1 billion for a 49 per cent stake in a pipeline subsidiary of the Abu Dhabi National Oil Company in the largest infrastructure deal in the world this year.The newly created subsidiary will have lease rights to 38 pipelines covering a total of...

Focus on housing supply, not the mortgage stress test, says Scotiabank CEO

The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test.Scotiabank president and CEO Brian Porter says while the stress test is “something that you have to look at occasionally, for sure,” the move by the Office of the Superintendent of Financial Institutions, a federal banking regulator, to bring in the...