Spanish multinational Ferrovial S.A. is appealing an Ontario Superior Court decision that cleared the way for SNC-Lavalin Group Inc. to proceed with the $3.25-billion sale of a stake in the 407 toll highway to the Canada Plan Plan Investment Board. An SNC-Lavalin spokesman said in an email that even if the decision were reversed on […]
In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment […]
SNC-Lavalin Group Inc. is slashing its profit forecast for the third time this year as the company’s new chief executive officer veers away from construction and oil projects to double down on engineering. The beleaguered firm said Monday it is quitting the competitive field of fixed-price contracts, which leave companies vulnerable to cost overruns. It […]