Skip to main content
Complete Olympic Games coverage at your fingertips
Your inside track on the Olympic Games
Enjoy unlimited digital access
$1.99
per week for 24 weeks
Complete Olympic Games coverage at your fingertips
Your inside track onthe Olympics Games
$1.99
per week
for 24 weeks
// //

Here are the top reads on deals and financial services over the last 24 hours,

DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS

Aimia attacked by second shareholder group, faces threat of board shakeup: The fight to control Aimia Inc.’s future is escalating after a second set of shareholders questioned the Canadian loyalty program provider’s leadership and launched a campaign to shake up its board of directors. Story (Tim Kiladze)

Story continues below advertisement

Hudson’s Bay posts deeper loss with streamlining efforts still in ‘early stages’: Hudson’s Bay Co. has reported another significant loss as its namesake Bay department stores dragged down sales, highlighting the urgency of the Canadian retailer’s turnaround plan. Story (Susan Krashinsky Robertson)

CI Financial to launch Assante Connect online investing platform based on WealthBar’s technology: CI Financial Corp. is merging robo-adviser WealthBar’s technology with its independent wealth manager Assante Wealth Management (Canada) Ltd. as it looks to draw in more digital-savvy investors. Story (Clare O’Hara)

Transat loss more than doubles on fees, compensation ahead of Air Canada deal: Airline and tour operator Transat AT Inc.’s third-quarter loss more than doubled due to fees and executive compensation related to its deal to be taken over by rival Air Canada. Story (Eric Atkins)

WeWork reportedly considering curbing founder’s voting power to save IPO: WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his wife from a role in succession planning, the Financial Times reported on Thursday, citing sources familiar with the matter. Story (Reuters)

InBev set to revive shelved Budweiser Asia IPO with $5-billion float: sources: Anheuser-Busch InBev is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. Story (Reuters)

FINANCIAL SERVICES NEWS

‘We don’t go fast and break things’: Canada’s banks try to manage risks as they cautiously push into AI: Canada’s banks are investing heavily in artificial intelligence but also ramping up efforts to build guard rails around powerful new technology as clients grow wary of potential risks to privacy and fairness. Story (James Bradshaw)

Story continues below advertisement

The Streetwise newsletter is Tuesday to Saturday. If you’re reading this on the web, or if someone forwarded this e-mail to you, you can sign up for Streetwise and all Globe newsletters on our signup page.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies