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Marc-André Blanchard, Canada’s former ambassador to the United Nations, has left Caisse de dépôt et placement du Québec (CDPQ) after five years as one of its senior executives to become chief of staff for Prime Minister Mark Carney.
Blanchard was named the executive vice-president and head of CDPQ global in September 2020, and added the title of global head of sustainability in February 2022.
At CDPQ Global, he led a government relations division formed to support CDPQ’s investment teams and partners worldwide. As the leader of the sustainability team, he guided CDPQ’s environmental initiatives.
A lawyer by trade, he worked at McCarthy Tetrault LLP from 1997 to 2016, serving as the regional managing partner of Quebec and climbing the ranks to become board chair and CEO.
Crown Realty Partners has announced that CEO and managing partner Les Miller plans to retire effective June 30, with several of the company’s senior executives stepping into expanded roles as he departs.
“It has been an honour to lead Crown Realty Partners. I am incredibly proud of what we have accomplished together, and I have complete confidence in Emily, Jamie, and Scott to lead Crown to even greater heights. I look forward to watching the company’s continued success from a new perspective,” Miller said in the company’s announcement.
No direct successor has been named. Rather, Toronto-based Crown states managing partners Emily Hanna, Jamie Christie and Scott Watson will continue to lead the organization.
Scott Rasmussen, who has spent virtually all of his 17-year career in various aspects of the life and health sciences real estate sector, has been named president of Toronto-based MedSpace Canada.
Rasmussen moves to MedSpace from Colliers, where he spent the past year as vice-president, sales representative within its Toronto life science and innovation practice.
His leadership experience includes senior roles at NorthWest Healthcare Properties and McMaster Innovation Park, as well as co-founder and co-chair of the Ontario Wet Lab Coalition.
Alberta Investment Management Corporation (AIMCo) has appointed Sandra Lau to its board of directors for a three-year term. The board is being rebuilt after a management purge by the Alberta government last year.
Lau brings more than 25 years of expertise in investment and risk management, the majority of which she spent in progressively senior roles at AIMCo. Since joining the organization in 1999, she advanced to executive vice-president, fixed income, and later served as chief investment officer from 2022 until her retirement in mid-2023.
The Healthcare of Ontario Pension Plan (HOOPP) has hired Reena Carter as its chief financial officer, recruiting her from the Ontario Municipal Employees Retirement System (OMERS).
Carter had served as the senior managing director of portfolio management and operations with OMERS.
Toronto-based Atrium Mortgage Investment Corporation (AI-T) has named Gigi Wong as its chief financial officer, bringing in a seasoned financial operations leader to the provider of residential and commercial mortgages.
Wong was managing partner and CFO of Hazelview Investments from June 2016 to February 2025.
KIC Realty Alberta in Calgary has appointed Nam Kular as its new managing broker. Kular brings with him over a decade of experience navigating Alberta’s housing market.
As managing broker, he will work alongside CEO and co-founder Willie Ip to oversee compliance, training, agent development, and day-to-day brokerage operations in Alberta.
Bridgemarq Real Estate Services Inc. (BRE-T) has hired Wallace Wang as its new chief financial officer, a position which will be effective July 1.
Wang joins Bridgemarq from Brookfield Asset Management. He is a Chartered Professional Accountant (CPA) and holds both a bachelor’s degree in mathematics and accounting and a master’s degree in accounting.
Snaile has announced the appointments of Nicholas (Nick) Thadaney, ICD.D, and Vikram Kapoor, CFA, to the Toronto-based firm’s strategic advisory board.
Thadaney, former CEO of the Toronto Stock Exchange (TSX) and group head of capital formation at TMX, brings expertise in capital markets, technology, corporate governance, and innovation leadership to the board.
Kapoor is a seasoned capital markets strategist and portfolio manager with experience from multiple companies in investment management, corporate finance and value creation.
EDITOR’S NOTE: This is the inaugural instalment of our new format for The People Space. We will publish the column as a biweekly compilation of items published in our People Space section during the preceding two weeks. This will allow for expanded coverage of appointments, hirings and other comings and goings within commercial real estate, development investment, property tech and related fields. Have an item you’d like to share in The People Space? Send us a release at … thankyou@squall.com
TSX ends up 0.3% at 26,429.13
For the week, the index gains nearly 1%
Energy adds 1.4% as oil settles 1.9% higher
June 6 – Canada’s main stock index rose on Friday to a new record high, led by gains for energy and technology shares, as oil prices advanced and U.S. and Canadian jobs data eased investor concerns about a possible recession.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 86.84 points, or 0.3%, at 26,429.13, inching past its record closing high on Tuesday. For the week, the index was up nearly 1%.
Canada’s economy added 8,800 jobs last month, compared to an expected decline of 12,500, while U.S. job growth also beat expectations.
“Jobs are slowing down but still not falling off a cliff and I don’t think a recession is imminent as many people are fearing,” said Allan Small, senior investment advisor of the Allan Small Financial Group with iA Private Wealth.
U.S. crude oil futures settled 1.9% higher at $64.58 a barrel, helped by the U.S. jobs data but also optimism about trade talks between the U.S. and China.
U.S. President Trump said three of his cabinet officials will meet with representatives of China in London on June 9 to discuss a trade deal.
“The pressure is on the U.S. to make some of these deals,” Small said, adding that tariffs are unlikely to return to previous sky-high levels proposed by U.S. President Donald Trump.
The energy sector rose 1.4% and technology ended 1.9% higher. Heavily weighted financials also posted gains, rising 0.6%.
Consumer staples were a drag, falling 0.9%, and the materials group, which includes metal mining shares, ended 1.7% lower as gold and copper prices fell.
This article was generated from an automated news agency feed without modifications to text.
Snaile has announced the appointments of Nicholas (Nick) Thadaney, ICD.D, and Vikram Kapoor, CFA, to the Toronto-based firm’s strategic advisory board.
Thadaney, former CEO of the Toronto Stock Exchange (TSX) and group head of capital formation at TMX, brings expertise in capital markets, technology, corporate governance, and innovation leadership to the board. His guidance will assist Snaile in refining its commercial activities as well as scaling its operations in smart parcel infrastructure.
Kapoor is a seasoned capital markets strategist and portfolio manager with experience in investment management, corporate finance and value creation. His diverse experience includes serving as a board member at Golconda Gold, as a board member and strategic advisor with Unaprime Investment Advisors, and managing director and country head at Finitive.
He has advised and led numerous high-impact transactions across sectors involving some of Canada’s largest exits. His insights will support Snaile’s continued expansion nationally and into international markets.
Snaile provides last-mile logistics through its secure, carrier-agnostic smart locker platform — a scalable solution for e-commerce, retail and pharmaceutical distribution.
It’s officially tax season, which means your mailbox is probably full of envelopes marked “Important tax documents enclosed.” With so many documents such as T4s, T4RIFs and various T5008s, it can be overwhelming to understand what each form means. Let’s look at how your investments are taxed.
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Interest is the income you receive from certain types of accounts and investments or from lending money to someone else. The most common accounts and investments that produce interest income include:
Interest is taxed as ordinary income, with no special tax treatment.
A dividend is a distribution by a company to its shareholders, although not all companies pay dividends. Dividends received from Canadian companies are eligible for preferential tax treatment, while dividends earned from any foreign companies are taxed as ordinary income.
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Canadian dividends are taxed according to the type; eligible or non-eligible. Generally speaking, eligible dividends are paid by publicly traded companies such as those on the Toronto Stock Exchange, while non-eligible dividends are paid by private companies which are known as Canadian-Controlled Private Corporations (CCPCs).
Both eligible and non-eligible dividends from Canadian corporations are eligible for the dividend tax credit, although the calculations are different depending on the type of dividend. In both cases, however, the dividend tax credit helps reduce the amount of tax owing and hence dividend income is taxed more favourably than interest income.
A capital gain is an increase in an asset’s value above the original purchase price. Capital gains are generally taxable when ‘realized’, which is generally when the asset is sold. However, capital gains can also be realized in the form of a mutual fund capital gain distribution, meaning you could have capital gains even if you didn’t sell the fund. These distributions are typically reported to you on a T3 or T5 depending on the type of fund.
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Capital gains don’t have a specific tax rate, but rather, have an ‘inclusion rate’, which means that a portion of the capital gain is included in your income. The Government of Canada proposed changes to the capital gains inclusion rate. As of January 1, 2026, your total realized capital gains from all sources in the year are $250,000 or below, 50 per cent of your gain is taxed at your marginal tax rate. For the component of your total realized capital gain above $250,000 in a particular year, 66.67 per cent of the capital gain will be taxed at your marginal tax rate.
Understanding the tax implications of your investments can be challenging but worthwhile, as careful tax planning can help lower your tax bill and create a more tax-efficient investment portfolio. We recommend working with your financial advisor and tax professional to manage your investments and take advantage of any available tax planning opportunities.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
Garet‘s many years of experience as a business owner has allowed him to be of valued service to his clients who may have complex needs and will benefit from long-term solutions based planning. Garet aspires to know his clients on a level where he truly understand their needs, and uses an established process to help them achieve their financial goals.
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Under Boisjoli’s tenure, the stand-alone organization, which has known no other CEO, tripled its revenue and market share so that one in every three powersports products sold across the globe bears the BRP logo, according to the Valcourt, Que.-based company.
Boisjoli—an engineer by training who grew up a half-hour’s drive from that town, received his first snowmobile at age 10 and joined Bombardier Inc. in 1989—shepherded BRP through its initial public offering in 2013 and more than doubled its head count to 16,500 employees over the past decade.
After an urge for outdoor activity sparked a sales boom during the COVID-19 pandemic, buyers responded to inflation and interest rate hikes by pulling back from pricey recreational purchases.
Now, tit-for-tat tariffs have raised costs and, more alarmingly for Boisjoli, fostered a wait-and-see approach to consumption.
“The biggest risk for all of us in the industry is the uncertainty that it creates in the customer confidence. Many are on the fence and they’re waiting to have better visibility before they will buy our products,” he told analysts on a conference call on Thursday.
All BRP vehicles made in Canada and Mexico are compliant with the North American trade pact, he said, which allows American buyers to avoid 25% tariffs (a U.S. court ruled them illegal Wednesday, but their fate remains fluid, with a federal appeals court freezing that decision Thursday).
That compliance is key, since some 60% of BRP’s revenue stems from the U.S. Most of the inventory sold there is made in Mexico—70% of total production happens south of the Rio Grande—or Canada, where Ski-Doos and some of its Can-Am three-wheelers roll off the line.
But U.S. tariffs against other countries, especially China, which faces duties of roughly 30%, will shave $60 million to $70 million off its revenue this year, projected chief financial officer Sébastien Martel. The dent comes from its parts, accessories and apparel segment “and some of our U.S. suppliers, which in turn is impacting us.”
Nonetheless, BRP reported soaring first-quarter profits of $161 million, a leap of 279% from a year earlier, and the first time since 2023 that quarterly net earnings have notched triple digits. The company attributed the leap to lower operating costs and a favourable foreign exchange rate for U.S.-denominated long-term debt.
Healthier margins along with new products set to launch in August helped push the company’s share price up nearly 13% on Thursday to close at $56 on the Toronto Stock Exchange. The stock remains down 37% from a year ago.
BRP enjoyed record retail sales for Canada in the first quarter thanks largely to end-of-season snowmobile purchases. More broadly, though, lower sales across most product lines drove a 7% drop in total revenue year-over-year, as consumers tighten their purse strings and dealers hold off on inventory build-ups.
National Bank analyst Cameron Doerksen said BRP is “likely at the earnings trough.”
“However, there remains significant uncertainty around how consumer demand will ultimately recover and the tariff situation, while manageable for now for BRP, remains a risk,” he said in a note to investors.
That uncertainty was reflected in BRP’s decision to continue to hold off on a financial outlook for the year.
“For the back half of the year, things remain more difficult to forecast,” Boisjoli said, citing the “evolving tariff environment.”
On Thursday, BRP reported first-quarter revenue totalled $1.85 billion compared with just shy of $2 billion the year before.
On a normalized basis, BRP earned $0.47 per diluted share in the three months ended April 30 compared with a $1.58 in the same period a year ago. However, the result beat expectations of $0.40 per diluted share, according to financial markets firm LSEG Data & Analytics.
When asked what part of his time at the top gives him the most pride, Boisjoli stuck to the numbers: “We had two product lines profitable, two were not profitable, in 2003. Today we have seven profitable product lines.”
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TSX ends up 0.1% at 26,342.29
Trade deficit hits an all-time high in April
Energy rises 0.5% as oil settles 0.8% higher
Descartes Systems Group tumbles 12.1%
June 5 – Canada’s main stock index edged higher on Thursday as higher oil prices boosted energy shares and investors assessed prospects of Canada reaching a trade deal with the United States.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 13.29 points, or 0.1%, at 26,342.29, staying within reach of the record closing high it posted on Tuesday.
Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa’s bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said.
“We’re still cautiously optimistic that the TSX finishes at 27,000 for the year,” said Jay Bala, co-founder and senior portfolio manager at AIP Asset Management.
“I do think that Mark Carney is going to have a better relationship with the Donald Trumps of the world and I think he’ll get a deal done … it makes sense for both countries to get a deal done.”
Canada is a major destination for U.S. goods, while it sends 75% of its exports south of the border. U.S. tariffs hurt demand for Canadian goods in April, which contributed to the Canadian trade deficit widening to an all-time high of C$7.1 billion .
The energy sector rose 0.5% as the price of oil settled 0.8% higher at $63.37 a barrel on optimism about U.S.-China trade talks.
The materials group, which includes metal mining shares, was up 0.4% as copper prices climbed.
Technology was a drag, falling 1.1%, with shares of Descartes Systems Group Inc down 12.1% after the application software company’s first-quarter results missed estimates.
This article was generated from an automated news agency feed without modifications to text.
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