Kenyon Wallace / Toronto Star ) Order this photoThe Ontario government’s rescue mission to MaRS has proven successful — the medical-and-related-sciences hub is repaying a $290 million loan three years early. MaRS Discovery District will announce Thursday that new investments from Manulife, Sun Life Financial, and iA Financial Group are enabling the repayment to Queen’s Park. “Kathleen Wynne and the Liberals … haven’t had a lot of good news lately, but they certainly deserve a victory lap on this one,” MaRS chair Gord Nixon said in an interview Wednesday. “These guys took a calculated risk and, most importantly, they saw it through,” Nobrega said of the province helping MaRS with bridge financing. Candace Shaw, head of private fixed income at Sun Life, said the deal fits in well with the firm’s investment objectives.

Source: thestar February 09, 2017 10:52 UTC