15:13:27 EDT Tue 15 Sep 2026
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or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 68,576,761
Close 2026-09-14 C$ 43.89
Market Cap C$ 3,009,834,040
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Globe says Aecon sees China sniffing around PM's summit

2026-09-15 07:21 ET - In the News

The Globe and Mail reports in its Tuesday edition that several Chinese state-backed investors are taking part in Prime Minister Mark Carney's Canada Investment Summit, another sign of warming relations with Beijing. The Globe's Steven Chase writes that the Prime Minister's Office said Monday that, like everyone else, Chinese investors will be subject to federal rules governing foreign investment in this country. Both China International Capital Corp. (CICC) and China Investment Corp. -- China's sovereign wealth fund -- are attending Mr. Carney's summit. CICC is 40 per cent owned by Central Huijin Investment. The Hong Kong Monetary Authority is also a participant. In a blog post Monday, Michael Kovrig, a geopolitical analyst and former victim of Chinese retaliatory imprisonment, and researcher Patricia Xavier warned of the possible consequences of Chinese state-backed investment. In 2018, Mr. Carney's predecessor, Justin Trudeau, famously blocked state-owned company China Communications Construction from purchasing Aecon Group, one of Canada's largest construction companies, in the name of national security. At the time, Aecon was a partner in the refurbishment of Ontario's Darlington Nuclear Generating Station.

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