CPP Investments and OMERS selling Associated British Ports stakes to IFM Investors

The Canada Pension Plan Investment Board and OMERS have signed a deal to sell their entire stakes in Associated British Ports to IFM Investors. Financial terms of the sale were not disclosed. ABP is Britain’s largest port operator with 19 ports in England, Scotland and Wales. CPP Investments holds a 33.9-per-cent interest in ABP, while OMERS owns 30.0 per cent. IFM Investors is a global asset manager, owned by Australian pension funds and British pension fund Nest. CPP Investments and OMERS first acquired their stakes in ABP in 2015 and 2006, respectively.

Published: October 21, 2026 at 10:45a.m. EDTMark Carney’s trip to Türkiye Wednesday marks the first ever bilateral visit to the country by a Canadian prime minister. Carney will sit down with Turkish president Recep Tayyip Erdogan in Ankara Wednesday, before heading to Istanbul for a series of business meetings. His office is not releasing who else he plans to meet with ahead of the trip. While Reuters reports Canada and Türkiye will sign a joint declaration aimed at deepening ties in four areas including defence and energy, senior officials repeatedly declined to say what announcements are expected, beyond that something would be announced. How to set CTV News as your preferred source on GoogleAnother government source suggested what’s in the works is not finalized enough to the point of being able to share. Officials did say the areas of trade focus include defence, energy, mining, tech and agriculture. University of Ottawa international affairs professor Thomas Juneau calls Türkiye a “competitive autocracy” – too far removed to be considered a democracy.

Company NewsPublished: October 21, 2026 at 10:07a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. AT&T raised its annual adjusted profit forecast on Wednesday after beating quarterly revenue and profit estimates, betting on its service bundles to drive growth and keep customers from switching to rivals. About 43 per cent of households signing up for AT&T’s internet services also opt for its wireless plans, helping the company build stickier customer relationships and reduce disconnects as competition intensifies in the U. S. telecom market.

Trade WarPublished: October 21, 2026 at 9:18a.m. EDTIndustry Minister Melanie Joly says Stelco owner Clevland-Cliffs has ‘spoken in favour of U. S. tariffs,’ putting Canadian jobs at risk. OTTAWA — Prime Minister Mark Carney and Ontario Premier Doug Ford are expected to unveil a new suite of supports for the steel and auto sectors hit by U. S. tariffs. Carney’s itinerary says he will meet with Ford on Parliament Hill today, with a joint announcement to follow. You can watch what is expected to be a major announcement for steel and auto sectors hit by U. S. tariffs LIVE here today at 2 p.m. ET on CTVNews.ca, the CTV News App, CP24.com and the CP24 AppA source with knowledge of the announcement but not authorized to speak publicly about the details, says support for critical minerals is also on the table. Carney and Ford’s respective finance ministers are also expected to be on hand. On Tuesday, federal Finance Minister François-Philippe Champagne said the Carney government will deliver its second budget on Nov. 5. Carney is set to depart for Ankara, Turkey later today. This report by The Canadian Press was first published Oct. 21, 2026.