Speaking at the Eurasia Summit on Thursday, PSP Investments CEO Deborah Orida said investors are operating in a “new investing regime,” arguing that infrastructure investments may become more attractive as inflation remains volatile, while private equity returns can no longer rely on cheap leverage and rising valuations. (The Logic)

Talking point: Orida’s comments offer a window into how some of Canada’s largest pension funds are reassessing risk after years of ultra-low interest rates helped fuel gains across private markets. She also suggested PSP has preferred providing debt financing to data-centre projects rather than taking equity stakes because it offered greater certainty around future returns. Meanwhile, Ontario Teachers’ Pension Plan CEO Jo Taylor said he expects the U.S. and Canada to reach a trade agreement, but remains concerned that years of strong equity-market gains could eventually give way to a correction.