The head of one of Canada’s largest banks is wading into the housing debate, arguing supply constraints need to be addressed amid surging home prices.
The head of Bank of Nova Scotia’s wholesale banking and markets business said there’s no easy fix for Canada’s housing affordability problem, but that both banks and government will need to play a role in solving it.
Actividades de Construccion y Servicios SA is weighing a spinoff of its construction business as it focuses on becoming a major European toll-roads operator, according to people familiar with the matter.
Bally’s Corp. agreed to buy the Tropicana casino in Las Vegas for $150 million from Gaming & Leisure Properties Inc., part of a flurry of deals by the acquisitive Rhode Island-based gambling operator.
Ontario’s new public fund manager is revamping its real estate portfolio, cutting its exposure to retail property, after suffering a 12.1 per cent loss on those holdings last year.
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