News of the day: CPPIB posts record net income, Churchill Falls deal, mortgage refinancings, satellite data defence contract, private credit woes and more

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeUncategorizedNews of the day: CPPIB posts record net income, Churchill Falls deal, mortgage refinancings, satellite data defence contract, private credit woes and moreCatch up on the stories we're following today You can save this article by registering for free here. Or sign-in if you have an account.The Canadian Pension Plan Investment Board said net income for the quarter ending June 30 was $60.2 billion and its net assets increased to $863.6 billion from $793.3 billion in the previous quarter when including $10.1 billion in net transfers from the Canada Pension Plan. Photo by Getty ImagesIt’s Friday, Aug. 14. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Canadian Pension Plan Investment Board reported its largest-ever quarterly net income on Friday as the pension fund manager posted gains through a broad range of investments. In December 2024, Newfoundland and Labrador and Quebec announced a memorandum of understanding to replace the 1969 Upper Churchill contract. Photo by Keith GosseTwo prominent critics of the rejected 2024 Churchill Falls power agreement between Newfoundland and Labrador and Quebec say Newfoundlanders should not judge any revised deal by the headline numbers, but by focusing on the details that will determine how much value the province ultimately captures from its hydro resources.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again Rates affect refinance applications in multiple ways, and they don’t all point in the same direction. Photo by Getty Images/iStockphotoIf bond markets are right, higher interest rates lie ahead. That matters if you’re eyeing a refinance, and matters more if your application isn’t a slam-dunk mortgage approval, writes Robert McLister. EarthDaily Analytics Corp. will explore how it can use artificial intelligence and geospatial technologies to enhance satellite data to improve border monitoring capabilities for the Royal Canadian Mounted Police. Photo by BRUNSWICK NEWS ARCHIVESVancouver-based EarthDaily Analytics Corp. says it’s eyeing additional federal government contracts, especially for work related to defence and security, after securing a $2.23-million contract with Defence Research and Development Canada. Brookfield Corp. chief executive Bruce Flatt in May 2026. Photo by Patrick T. Fallon/AFP via Getty Images/FileThe head of Brookfield Corp. doesn’t think there is a systemic problem in the private credit sector, which has expanded rapidly but faces concerns due to its lack of transparency and increasing default rates.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.