Voyageur 128
Your CPP Is Buying India's Data Boom, and Carney Tries Selling Trump on Chinese EVs.
News for residents of the “11th province”: Canadians abroad.
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Your CPP Is Buying India's Data Boom
CPP Investments is putting up to $1 billion into Indian data centres with CtrlS Datacenters, a Hyderabad company riding the AI and cloud rush. The money manager will spend $588 million for an 8.2 per cent stake in CtrlS, then commit up to $441 million to a joint venture that builds data centres across India.
That joint venture splits 48 per cent to CPP Investments and 52 per cent to CtrlS. In newsletter terms, your retirement cheque is now partly tied to server farms in one of the world's fastest-growing digital markets. Very 2026. Very warm racks.
CPP is designed to invest globally, and Canadians abroad already live with that reality. The plan you probably paid into at home is increasingly earning its keep in places you may be living, working, or sending money to.
Read more: The Globe and Mail / CP24
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A photo from the old country:
Carney Tries Selling Trump on Chinese EVs
PM Mark Carney got caught on a hot mic at the G7 in France trying to talk Donald Trump through Canada's Chinese EV deal. He said that Canada would let in up to 49,000 Chinese-made electric vehicles at a lower tariff rate, capped at less than three per cent of the market.
Trump's reply was short. He said he liked it.
That’s interesting because Washington has been twitchy about Canada becoming a side door for Chinese cars into the U.S. market. Canada had put a 100 per cent tariff on Chinese EVs to match the U.S., then partly rolled it back after China suspended retaliatory tariffs on Canadian agricultural products.
For Canadians abroad, this is the trade file writ small. Cheaper cars, angry allies, China pressure, U.S. pressure, and Ottawa trying to keep everyone from flipping the table.
Read more: Global News / Canada's National Observer