Brookfield interested in Duke Energy’s Latin America plants, sources say + MORE Jun 21st

Toronto StarToronto's financial sector welcomes expanded CPPToronto StarA group representing major banks and insurers in Toronto likes the idea, while a business group calls it a job killer. A group representing most major banks, insurance companies and other financial services in Toronto welcomes a federal-provincial …Kathleen Wynne says no CPP deal if she hadn't been 'thorn in the side' of other premiersNational PostCanadians to gradually start paying more premiums into CPPCTV NewsCPP Expansion Would Be 'Devastating,' Business Groups Say. Economists Disagree.Huffington Post CanadaFinancial Post -Winnipeg Free Press -The Globe and Mail (subscription) -Reuters Canadaall 60 news articles »

Chinese government-owned State Power Investment Corp. also considering a bid

While the average Canadian portfolio isn’t highly exposed to Europe, the effects of a “leave” vote would still be felt here. In that scenario expect a sudden surge of money flowing out of Britain and the European Union into the safety of U.S. assets like gold and treasuries, sparking a rally in the U.S. dollar.
A surge in the U.S. dollar in response to a “leave” vote would likely be the biggest effect on Canada, but it wouldn’t be the only one. While Canadian equities are fairly insulated from Europe it could affect certain companies and sectors, says Paul Taylor, a senior vice president and chief investment officer at BMO Global Asset Management. Magna, for instance, has some European exposure as do some of the other heavy industrials like WSP, the global engineering service company, notes Taylor.
Stay or go, there could be implications for Canadian investors, but a vote for Brexit is the outcome investors need to be most concerned about. “There is more downside than there is upside,” says Taylor, noting a “remain” vote isn’t likely to spark a rally…

NASHVILLE, Tenn. – The United Auto Workers says Volkswagen officials have reneged on a pledge to recognize the union at the German automaker’s lone U.S. plant in Tennessee.
Gary Casteel, the UAW’s secretary-treasurer, released a 2014 document Tuesday stating that Volkswagen would recognize the UAW as the representative of its members in exchange for the union dropping a challenge to the outcome of a union election at the plant in Chattanooga.
The union said the written agreement stemmed from negotiations at a meeting led by Volkswagen’s then-chief financial officer, Hans Dieter Poetsch, who has since been named chairman amid the company’s diesel emissions cheating scandal.
Volkswagen is mounting a legal challenge to a union election at the plant last year in which about 160 skilled trades workers voted to be represented the UAW.
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HELSINKI – Norway’s consumer watchdog is suing the country’s largest bank, DNB, on behalf of 150,000 customers, claiming it has overcharged them 690 million kroner ($83 million) in management fees in “falsely active funds.”
In one of Norway’s largest class action lawsuits to date, the Norwegian Consumer Council says that from 2010 to 2014 the bank had charged customers six time more for the funds than what it should have, according to analyses by the Financial Supervisory Authority and the Norwegian School of Economics and Business Administration.
DNB Norway rejected the claims, saying Tuesday that they were “completely wrong” and that the bank had acted appropriately. The bank said it had a return of 44 per cent in that period and had managed the funds in the way it had promised customers.
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