The Canada Pension Plan Investment Board will own about 51 per cent of atNorth after committing US$1.3 billion, while Equinix will hold about 34 per cent following a US$895-million investment. (The Logic)
Socan claims the Cambridge, Mass.-based startup is producing tracks that “replicate human-created musical works without consent or payment.” In a filing Wednesday, the Toronto-based non-profit asked the Federal Court to block Suno from further infringement, and to award damages. Suno did not immediately respond to a request for comment. (The Logic)
The Quebec-based pension is investing about $1.76 billion in Altius Telecom Infrastructure Trust, a company that owns and operates more than 258,000 telecom towers across India. (The Logic)
François-Philippe Champagne said Tuesday he expects to bring a “constructive spirit” to his planned conversation with U.S. Treasury Secretary Scott Bessent as G20 finance ministers gather in Asheville, N.C., but also expects to speak firmly about Canada-U.S. trade. (The Logic)
Yuma, which runs battery-swapping stations as alternatives to electric vehicle charging hubs, said the Series A round will help it achieve positive pre-tax earnings growth in fiscal 2027 as it expands across India. It’s a joint venture between the Ontario-based auto parts maker and Yulu, a Bangalore-based electric bike-share company. Yuma didn’t disclose any other investors in the round. (The Logic)
Rising oil prices and expectations of further interest rate hikes intensified a global sell-off in government debt. Canada’s 10-year government bond yield rose to 3.73 per cent Monday, one of its highest marks since early 2025, while Japan’s 10-year yield hit three per cent for the first time since 1996 and the U.S. 10-year Treasury yield climbed as high as 4.792 per cent, the highest since January 2025. (The Logic, Bloomberg)
Prime Minister Mark Carney named Dominic Barton, chair of global mining giant Rio Tinto and private equity firm LeapFrog Investments—and a former ambassador to China—as chair of Invest in Canada on a part-time basis. He also appointed private equity investor Gurinder Grewal as CEO of the federal investment agency. (The Logic)
Laurel Broten resigned effective Sept. 1, more than a year before her term was set to expire, Internal Trade Minister Dominic LeBlanc, the minister responsible for the arms-length federal investment agency, said in a post on X Monday. (The Logic, The Globe and Mail)
Unifor, which represents more than 4,600 workers at General Motors plants in Ontario, said Sunday its members voted to ratify three-year contracts with the Detroit Three automaker that included the commitments. (The Logic)
The Toronto-based legal and financial technology company, which was previously run by a committee of board directors, said Monday that chief operating officer Todd Schulte will be chief executive until the company makes a permanent appointment, while existing director Angela Zhang will lead the board. Zhang will take over for Mary Filippelli, who exited the company’s board just months after joining as chair in May. (The Logic)