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A Bay street sign is seen in Toronto’s financial district.Mark Blinch/The Globe and Mail

We are in the final stages of an occasionally nasty campaign to block the $1.5-billion takeover of one of Canada's largest construction companies, Aecon Group Inc., by a far larger state-controlled Chinese firm. Story (Andrew Willis, for subscribers)

The Chinese state-owned firm seeking the Trudeau government's approval to buy Aecon recently notified its shareholders it will establish a Communist Party of China unit inside its corporate ranks. Story (Steven Chase, for subscribers)

Bank of Montreal became the first major Canadian bank to lead an equity financing for a public company in the medical marijuana sector, underwriting a $175-million stock sale for Canopy Growth Corp. Story (Jacqueline Nelson)

Power Corp. of Canada is courting new investors with the launch of a private-debt fund that will rely on the company's web of relationships. Story (Jacqueline Nelson, for subscribers)

DEAL WRAP

Pot merger vote: Shareholders of Newstrike Resources Ltd., the cannabis company backed by the Tragically Hip, have voted overwhelmingly in favour of a friendly takeover by CanniMed Therapeutics Inc., moving the contentious deal closer to fruition. Story (Jeffrey Jones, for subscribers)

Canadian venture financing: Canadian story-sharing platform Wattpad Corp. closed a funding round of $51-million (U.S.) led by Chinese internet giant Tencent Holdings Ltd. Story (for subscribers)

FINANCIAL SERVICES WRAP

Earnings: Goldman Sachs Inc. on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading. Story

Goldman Sachs's bright spots keep $5-billion goal within reach. Story

More earnings: Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9-billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge. Story

Charges: The U.S. Department of Justice has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said. Story

Short-seller lawsuit: Home Capital Group Inc, Canada's biggest alternative lender, said on Wednesday that it had received a statement of claim from short-seller Marc Cohodes, who is seeking $4-million in damages. Story

Another lawsuit: A Montreal rabbi is suing Quebec's securities watchdog for infringing on his family's rights in a raid at their home linked to the Amaya Inc. insider trading investigation, a case his lawyer says exposes the regulator's "high-handedness." Story

WHAT WE'RE READING ELSEWHERE

Goldman Sach's Investment Management Win: The investment bank's fixed income division may have weighed on earnings, but its investment management division is posting records. Institutional Investor

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 29/05/24 4:00pm EDT.

SymbolName% changeLast
ARE-T
Aecon Group Inc
-0.12%16.48
BAC-N
Bank of America Corp
-1.53%38.72
BCS-N
Barclays Plc ADR
-2.4%10.98
BMO-N
Bank of Montreal
-9.5%86.98
BMO-T
Bank of Montreal
-8.86%119.48
GS-N
Goldman Sachs Group
-0.57%457.17
GSBD-N
Goldman Sachs Bdc Inc
-0.13%15.16
WEED-T
Canopy Growth Corp
+0.35%11.59

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