CPP, Brookfield pour US$5.2B into U.S. as capital flees Canada

RBC found more than $1 trillion in investment left Canada from 2015 to 2024 — the largest capital exodus in Canadian history.

Source: X (Mark Carney)

Two Canadian investment giants are pouring another US$5.2 billion into U.S. real estate as capital continues to flee Canada.

Brookfield and the Canada Pension Plan Investment Board (CPPIB) agreed to acquire New York-based LXP Industrial Trust for US$5.2 billion in cash, a 19.8 per cent premium to its 90-day average share price.

The deal gives Brookfield and CPPIB control of 108 U.S. warehouse and logistics properties spanning 53 million square feet.