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

Agnico Eagle CEO says gold industry needs more M&A: The tie-up between Barrick Gold Corp. and Randgold Resources Ltd. may mark the start of a wave of needed consolidation in the gold industry, says the head of Canada’s third-largest gold mining company. The sector is struggling with a mismatch between the large number of companies vying for growth and the industry’s narrow pipeline of attractive mine developments, says Sean Boyd, chief executive officer of Agnico Eagle Mines Ltd. Story (Niall McGee, for subscribers)

Wells Fargo focused on Canadian expansion, despite recent scandal: Wells Fargo’s chief executive says the American banking behemoth is looking to expand its Canadian wholesale banking business, as he grapples with the aftermath of a massive sales-practice scandal. Canadian banking is littered with global giants who expand here during boom times, only to turn their backs when a contraction or crisis hits. Reeling from the Great Recession, ING Groep sold its Canadian arm to Bank of Nova Scotia in 2012; a year later, UBS AG also initiated a retreat. Story (Tim Kiladze, for subscribers)

Fortress misled investors about land valuation, RCMP alleges: Officials at Fortress Real Developments Inc. told investors in 2013 that land slated for a new condo development in Winnipeg was worth more than three times the value cited in an independent appraisal commissioned by the company, the RCMP alleges. Story (Janet McFarland, for subscribers)


Bond deal: Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition. Story

Auto parts sector: Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros (US$7.1 billion) to form the seventh-largest independent car parts supplier. Story (for subscribers)

Regulators: Nutrien Ltd. of Canada, whose attempt to sell its stake in Chilean lithium miner SQM to China’s Tianqi has been stalled by a dispute over competitive risks, vowed to “protect its interests” in an interview with a Chilean newspaper published on Sunday. Story (for subscribers)

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