Trade and political tensions are taking a toll on Canada’s major railways, and investors are pulling back because the outlook is so uncertain.
A Canadian National Railway Co. locomotive and rail cars along the connector route in the Port of Prince Rupert, British Columbia, Canada, on Tuesday, July 15, 2025. According to a Transport Canada report, the Western Canada Rail Corridor remains the primary route for exporting of bulk commodities such as grain, coal and potash to international markets. Photographer: James MacDonald/Bloomberg
Ardian is increasingly a buyer of private equity assets from Canadian pension plans, as institutional investors turn to the secondary market to free up cash following a prolonged period of low deal activity.
The Caisse de Depot et Placement du Quebec (CDPQ) office in Montreal, Quebec, Canada, on Wednesday, Feb. 25, 2026. The event covers La Caisse's financial results for 2025. Photographer: Graham Hughes/Bloomberg
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