CDPQ invests in Australian motorway project
Quebec’s pension plan investor the Caisse de depot et placement du Quebec has announced it is investing AU$2.3 billion (over $2 billion in Canadian dollars) in the WestConnex project, Australia’s largest road infrastructure build, and that it is joining the Sydney Transport Partners consortium led by Transurban. WestConnex is a 70-kilometre motorway linking Sydney’s west and southwest to the city centre, the Sydney Airport and Port Botany.
London prices top StatsCan survey
Statistics Canada reported today that new home prices rose in 13 of the 27 census metropolitan areas surveyed over the last month. London, Ont. (up 3.9 per cent) reported the largest monthly change in new home prices in August. Prices also increased in Ottawa (2.9 per cent) and for the aggregate of Saint John, Fredericton and Moncton (1.7 per cent). Edmonton (minus 0.5 per cent) and Saskatoon (down 0.1 per cent) reported lower prices in August.
White Wolf acquires Weatherhaven
White Wolf Capital Canada yesterday announced the acquisition of B.C.-based Weatherhaven Global Resources. Weatherhaven is a supplier of rapid mobile infrastructure for such uses as military operations and disaster relief. Ray Castelli will remain CEO of Weatherhaven.
ULI explores Toronto crane activity
The next Urban Land Institute Toronto branch webinar is set for Thursday at noon, titled Market Pulse Check Part 2: Toronto’s Crane Explosion Continues. The latest Rider Levett Bucknall Crane Index revealed that Toronto leads North America with 225 active cranes, representing 8.2 per cent growth from March 2021.