Ontario Teachers’ Pension Plan said Monday its SpaceX investment, reportedly valued at US$8.7 billion as of June 30, was a “significant contributor” to its returns. Net assets rose to $303.2 billion as of June 30, with venture growth, public equities and inflation-sensitive assets among the strongest contributors, said CEO Jo Taylor in a press release. (The Logic, Bloomberg)
The Vancouver-based biotech company said it has developed an antibody to provide non-hormonal treatments for hot flashes, a menopause symptom experienced by up to 80 per cent of women. The trial followed 92 women and found a statistically significant reduction in frequency and severity of hot flashes after four weeks. (The Logic)
Royal Bank of Canada’s asset-management arm said last Wednesday it had reopened its Phillips, Hager & North High Yield Bond Fund to new investors, two years after closing it amid strong investor demand. The move comes as Canadian companies increasingly tap debt markets to finance acquisitions and lock in borrowing costs. (The Logic)
A Royal Canadian Air Force surveillance plane has joined the Americans in shadowing two Chinese “Snow Dragon” ships in Arctic waters, said the Department of National Defence, after the vessels sailed north last month through the U.S. exclusive economic zone in the Bering Sea. (CBC News)
The Toronto-headquartered firm offered 11.1 million shares at US$310 apiece, a 16.5 per cent discount to its closing share price on the New York Stock Exchange on Tuesday. Celestica will receive slightly less than that after accounting for underwriters’ options and costs, and will use some of the money to fund new capital investments. (The Logic)
The Toronto firm’s asset management arm has been presenting itself as “a platform like a Blackstone,” Apollo or Ares, said SLC Management executive chair Steve Peacher in a second quarter earnings call, its first full quarter since restructuring that part of the business. (The Logic)
The Brampton, Ont.-based aerospace company reported $499 million in second quarter revenue, while net profit rose 2.6 per cent to $27.9 million. Its satellite systems, robotics and space operations, and geointelligence businesses all grew. (The Logic)
The Toronto-based vitamin maker said Thursday it has agreed to be acquired by Japanese beer-and-beverage company Kirin in an all-cash deal valued at $2.5 billion. The agreement represents a 10 per cent premium for shareholders over the company’s closing price Thursday. (The Logic)
Employers added 75,000 positions in July, and have now created 181,000 jobs since April, despite data suggesting that the economy was sliding into a recession. Statistics Canada said the employment rate rose to 60.9 per cent, the highest since December 2025. (The Logic)
Manulife Asia CEO Steve Finch said on an earnings call Thursday that he expects mainland China customers to keep accessing Manulife’s services in Hong Kong, even as some insurance stocks tumbled this week on news that China will begin taxing offshore insurance policies. (The Logic)