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First Notice: Leaders on the move; StatsCan business numbers; Concord Pacific buys into US real estate manager

DCN-JOC News Services
First Notice: Leaders on the move; StatsCan business numbers; Concord Pacific buys into US real estate manager

 

Campaign day 16: leaders on the go

The leaders of the three main national parties have announced the following schedules for day 16 of the federal election campaign, according to the Canadian Press: Conservative Leader Erin O’Toole will make an announcement at a dog rescue sanctuary in King City, Ont. in the morning and will attend an event with supporters in Markham, Ont. in the evening; Liberal Leader Justin Trudeau will make an announcement in Granby, Que. in the morning and then travels to Iqaluit; NDP Leader Jagmeet Singh will make an announcement about tax policy in Ottawa and attends an event with supporters in Ladysmith, B.C. in the evening.  

 

Business numbers down in May

Statistics Canada reported this morning there were slightly fewer active businesses (down 0.1 per cent or 1,208 businesses) across the country in May compared with a month earlier, marking the first time since May 2020 that the number of closures outpaced openings. The number of business openings decreased by 11.5 per cent, the largest percentage decrease since December 2018 and the second consecutive month with negative growth. The number of business closures declined by 2.9 per cent, following a 2.5 per cent increase in April. Reopenings declined in May (down 8.2 per cent), no doubt due to the continuing third wave of the pandemic this May, said the agency. 

 HQ Capital Real Estate announces rebranding

HQ Capital Real Estate, a U.S. real estate manager specializing in multifamily investments, announced today it has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors and has been rebranded to CP Capital. The new partnership transfers the majority interest of the business to Concord Pacific and HB Management. Since its inception as Real Estate Capital Partners in 1989, CP Capital has invested in $15 billion in U.S. real estate. 

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