Control, Risk and Compliance Analyst

Brookfield Renewable agreed to issue C$750 million in medium-term green notes across two series, maturing in 2031 and 2036. The offering comprises C$400 million in Series 21 Notes due August 13, 2036, carrying a 4.949% interest rate, and C$350 million in Series 22 Notes due August 13, 2031, bearing 4.256% interest. The notes received investment-grade ratings from S&P Global Ratings (BBB+), DBRS Limited (BBB high), and Fitch Ratings (BBB+). RBC Capital Markets, BMO Capital Markets, Scotiabank, CIBC Capital Markets, National Bank Capital Markets, and TD Securities led the syndicate. Net proceeds will fund Eligible Investments under Brookfield's 2024 Green Financing Framework, including repaying outstanding indebtedness for those projects. The transaction represents the company's nineteenth and twentieth green-labelled corporate securities in North America. Closing is scheduled for August 24, 2026.

Desjardins' surplus rises 35% in Q2. Desjardins Group increased its surplus by 34.8% in the second quarter, thanks to higher revenue and a reduction in the reserves it sets aside for losses. The financial cooperative posted a surplus before member rebates of $1.2 billion for the quarter covering April, May, and June. That is an increase of $313 million from a year earlier. Desjardins also set aside $151 million for member rebates, up from $113 million in the same period last year. The improvement in Desjardins' financial results is due in part to a reduction in its provision for credit losses. Management set aside $165 million for this purpose, compared with $203 million in the same period last year. Economic uncertainty was high in spring 2025, as the hostile trade rhetoric of the Trump administration toward Canada was a relatively new phenomenon. The cooperative also attributed the increase in its surplus to higher interest income. Overall, Desjardins' revenue increased by $532 million, or 13%, to $4.6 billion. The institution's assets reached $543.5 billion as of June 30, compared with $501.3 billion in the same period last year. Its capital ratio came in at 23.6%, compared with 22.9% a year earlier.

Cargojet pilots notch 46 per cent wage hike, as company stresses productivity gains. Updated: August 11, 2026 at 3:17PM EDT Published: August 11, 2026 at 12:23PM EDT Pilots at Cargojet Inc. will receive a 46 per cent wage boost under a new five-year contract, which the air freight company says aims to boost productivity as the firm reaches for new business in Europe, Asia and Africa. On a conference call with analysts Tuesday, chief financial officer Aaron McKay said the collective agreement handed down by an arbitrator late last month brings its roughly 470 aviators up to industry standards. The deal includes a 26 per cent pay hike in the first year and five per cent annually over the next four years, he said. The agreement - retroactive to July 1 and expiring in 2031 - marks a major expense. It raises flight crew costs to as much as $32 million per quarter, up from about $27 million currently, McKay confirmed. But it also includes productivity provisions that move aviators to a baseline of 16 working days per month, up from 15 before, as well as more training days. "It also gives us opportunities to be more price-competitive with the American carriers that we constantly compete with," said founder and chairman Ajay Virmani. The additional day per month for each pilot amounts to thousands more crew days per year, he noted. "That productivity gives us a lot more pricing flexibility." Cargojet's business hinges on air delivery of e-commerce goods via its fleet of 41 planes. The company deploys them on its domestic network, on ad hoc charter flights and on more regular charter routes for clients such as DHL, which leases the aircraft, crews, maintenance and insurance to fly freight around the globe. Those planes have seen a sustained uptick in activity after an MD-11 wide-body freighter crashed in Kentucky in early November, prompting authorities to ground the aging aircraft. Since then, some Cargojet partners have relied more heavily on the 25-year-old company for their shipping needs, with that stopgap business secured through at least the end of the year, said CEO Pauline Dhillon. The higher demand helped boost revenue from charter hauls by 37 per cent year-over-year to $55 million in the company's latest quarter, partly offset by fewer charter flights between Canada and China, according to Desjardins analyst Benoit Poirier. Revenues from domestic trips jumped eight per cent year-over-year to $111 million in the second quarter, largely due to higher fuel prices passed on to clients as well as price hikes linked to inflation, Poirier said. International revenue from aircraft leasing fell after Cargojet redeployed planes from long-haul routes serving Asia and Europe to South American routes. Dhillon said the company is hunting for fresh contracts abroad. "We continue to look at opportunities throughout Europe and... East Asia as well as Africa and the Middle East," she said. As tariffs hamper Canadian trade with the U.S., Cargojet has looked farther afield, taking on a new partner for scheduled charter flights operating five days per week with destinations in the Caribbean and Central and South America. In October, the company established scheduled air cargo service between Canada and Belgium's Liege Airport, a major European freight hub, as the federal government looks to strengthen transatlantic trade links. A jump in demand for Canadian seafood helped boost Europe-bound trips, Dhillon said earlier this year. Last quarter, the Mississauga, Ont.-based company opened a new route between Liege and Tel Aviv, deploying planes that were "otherwise idle" on weekends, said McKay. On Monday evening, the company reported that net earnings swung to a $7-million profit in its latest quarter compared with a $3.2-million loss a year earlier, while second-quarter revenue rose 16 per cent to $275.8 million. Christopher Reynolds, The Canadian Press This report by The Canadian Press was first published Aug. 11, 2026.