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Canada’s insurers set for double-digit profit drops amid COVID-19: Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales. (Reuters)

IN CASE YOU MISSED IT

Bay Street will remain quiet this fall as companies move slowly to bring back workers: The skyscrapers and underground tunnels of Toronto’s financial district will remain quiet throughout the fall as banks, law firms and accounting companies take a cautious approach to reopening head offices, and most employees continue to work from home despite the loosening of COVID-19 restrictions. (Mark Rendell, James Bradshaw and Clare O’Hara)

NordStar Capital delays close of Torstar deal pending rival bid at Friday hearing: NordStar Capital LP has delayed the close of its $60-million takeover of Torstar Corp. to allow a rival bidder to make its case for a stay of the deal’s court approval and an appeal of the judge’s decision. (Jeffrey Jones)

Canadian financial institutions join data exchange to speed up development of open banking: Canada’s largest banks have joined a U.S.-led group developing a common technical standard to share customer data as the financial-services industry inches toward embracing open banking. (James Bradshaw)

Sun Life invests in booming telehealth provider Dialogue: Sun Life Financial Inc. continues to boost its digital footprint in the health care sector, taking a minority stake in telemedicine startup Dialogue as part of a $43-million injection from a group of investors. (Clare O’Hara)

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