Skip to main content
streetwise newsletter

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

Brookfield Asset Management buying a controlling stake in Oaktree Capital: Brookfield Asset Management Inc. is buying a majority stake in Los Angeles-based Oaktree Capital Group LLC for US$4.7-billion, elevating the Toronto firm to nearly US$500-billion in assets under management. Story (Tim Shufelt, for subscribers)

Aurora Cannabis taps Wall Street titan Nelson Peltz as adviser, seeking global legitimacy: Billionaire activist investor Nelson Peltz signed on as a strategic adviser to Aurora Cannabis Inc., lending his reputation and name recognition to the Canadian company in exchange for millions of stock options. Story (Tim Kiladze, for subscribers)


Bank CEO compensation: The chief executives of Canada’s five largest banks collectively earned roughly $63.2-million in total compensation during the 2018 financial year, up about 12 per cent from the previous year. Story (for subscribers)

Mobile banking: A new survey shows that more than three-quarters of Canadians now do their banking through digital channels, up from 68 per cent two years ago. Story


Cannabis sector: The cannabis company backed by members of the Tragically Hip band has agreed to a friendly takeover by Quebec-based HEXO Corp. in an all-share transaction valued at $263-million, sending shares of both companies higher. Story (for subscribers)

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.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe