John Ivison: Premiers seem delighted just to finally be meeting with a grown-up prime minister
The parade of premiers complimenting Mark Carney before and after the first ministers meeting in Saskatoon made for a curious spectacle.
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These events have tended to leave prime ministers looking like Oliver Twist handing over stolen goods to a roomful of Fagins and Artful Dodgers.
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Yet this time the mood reflected what one senior Alberta official called 'a special moment': more about seizing a potentially transformative opportunity than squeezing the federal government for the maximum number of taxpayers' dollars.
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The gathering did not produce a definitive list of projects that will receive fast-track federal approval, but the Ontario premier said there was no expectation that it would.
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Manitoba's Premier Wab Kinew said he will remain positive, even if his province's proposals do not appear on the list of national projects to be fast-tracked.
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'This is Team Canada. It doesn't matter if you're there for the puck drop or if you're killing penalties. At the end of the day, everyone's going to have their time on the ice and everyone is going to have a role in building up this great country,' he said.
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Scott Moe, the Saskatchewan premier, said he is in agreement with Carney's aspirational targets — making Canada the strongest economy in the G7 and building the country into a global energy superpower — but that words will have to be matched with action. He called the project-selection process 'a generational opportunity for Canadians.'
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That would require a regulatory shift to remove barriers to investment, but Moe acknowledged that the federal government is talking about introducing legislation that would circumvent the Impact Assessment Act (the former Bill C-69) that many blame for blocking projects.
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Even Alberta Premier Danielle Smith, often an outlier among first ministers, said there seems to be an appetite for building pipelines to get oil to markets other than the United States. She said she was 'encouraged by the change of tone' evident in Saskatoon.
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WINNIPEG, MB , June 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $278.8 billion at , up 11.0% from $251.1 billion at May 31, 2024 . Total consolidated net inflows were $190 million during May 2025 . MAY HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $278.8 billion up from $269.5 billion in the prior month. Investment fund net sales were $356 million up from net redemptions of $378 million in May 2024 . Total net inflows were $190 million up from net outflows of $302 million in May 2024 . IG Wealth Management (IGWM) – Assets under advisement were $143.7 billion up from $139.1 billion in the prior month. Record high Investment fund net sales were $250 million up from net redemptions of $127 million in May 2024 . Total net inflows were $65 million up from net outflows of $2 million in May 2024 . 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Table 2 – Assets under Management and Advisement ($ millions) (unaudited) May 2025 April 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 126,845 122,505 3.5 % Other assets under advisement 16,834 16,546 1.7 % Assets under advisement 143,679 139,051 3.3 % Asset management Mackenzie Investments Mutual funds 61,459 59,351 3.6 % ETFs 8,305 7,896 5.2 % Investment funds 69,764 67,247 3.7 % Institutional SMA 11,630 11,155 4.3 % Sub-advisory to Canada Life 53,741 52,039 3.3 % Total Institutional SMA 65,371 63,194 3.4 % Total third party assets under management 135,135 130,441 3.6 % Sub-advisory and AUM to Wealth Management 85,820 83,305 3.0 % Total 220,955 213,746 3.4 % ETF's distributed to third parties 8,305 7,896 5.2 % ETF's held within IGM managed products 9,761 9,092 7.4 % Total ETFs 18,066 16,988 6.4 % Total Assets under management 261,980 252,946 3.6 % Other assets under advisement 16,834 16,546 1.7 % Assets under management and advisement 278,814 269,492 3.5 % Table 3 - Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 122,859 Other assets under advisement 16,551 Assets under advisement 139,410 Asset Management Mackenzie Investments Mutual funds 59,556 ETFs 7,914 Investment funds 67,470 Institutional SMA 11,524 Sub-advisory to Canada Life 52,068 Total Institutional SMA 63,592 Total third party assets under management 131,062 Sub-advisory and AUM to Wealth Management 84,543 Total 215,605 ETFs distributed to third parties 7,914 ETFs held within IGM managed products 9,221 Total ETFs 17,135 Total Assets under management 253,921 Other assets under advisement 16,551 Assets under management and advisement 270,472 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 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