Skip to main content

Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010.Adrien Vecza

Here are the top reads,

Debt-fuelled merger: Calgary energy services firms combine in reverse takeover Story (Tim Kiladze, for subscribers)

Budget commentary: Federal budget keeps Canada's fintech sector in the 'valley of death' Opinion

Legal beat: One of Canada's prominent corporate lawyers has retired from his firm after more than three decades on Bay Street, embarking on a new phase of a career that has included advising on many of the country's intricate deals. Story (Tim Kiladze, for subscribers)

Bank earnings: Impressive first-quarter results from Toronto-Dominion Bank extended a winning streak for Canada's big banks supported by booming international returns and low loan losses that continue to defy credit skeptics. Story (James Bradshaw)


Mortgages: A clampdown on lending rules for foreign buyers could prove to be a major game changer for Vancouver's housing industry. Canadian Imperial Bank of Commerce has sent out a memo to its mortgage specialists that said, as of Feb. 1, it has ended its Foreign Income Program and will introduce more stringent requirements for foreign clients. Story

Talent: The Bank of Montreal is taking over a four-storey space in the Toronto Eaton Centre in a bid to attract the high-tech talent it needs to bring ideas to the market quicker. Story

Bragging rights: Royal Bank of Canada reclaimed the nation's largest lender title, ousting Toronto-Dominion Bank to recapture the top spot it has owned for most of the past 100 years. Story

Wealth management: There is no question that the number of wealthy people in Canada is growing. But the million-dollar question is: Who will manage their money? The number of high-net-worth Canadians grew by 11.3 per cent to 356,900 in 2016, according to the Capgemini World Wealth Report 2017. Their financial assets, in turn, grew by 11.7 per cent to $1.1-trillion. Story

Regulation: The Securities and Exchange Commission has sent subpoenas to dozens of people and companies behind the rise of so-called initial coin offerings, a clear sign of the agency's desire to rein in the popular new fundraising method. Story (for subscribers)

Security: Equifax Inc, a provider of consumer credit scores, on Thursday said it found another 2.4 million U.S. consumers hit by a data breach last year, bringing the total to 147.9 million. Story


Takeover hitch: Australia's competition regulator has raised concerns about a planned US$1.0-billion takeover of Murray Goulburn Co-operative by Canada's Saputo Inc, threatening a deal Australia's largest dairy processor says is key to its survival.Story

U.S. venture financing: Food delivery startup DoorDash has just gobbled down a gargantuan US$535-million round of funding, spoon-fed by Japan's SoftBank, with participation from Sequoia Capital, GIC, and Wellcome Trust. VentureBeat


Ooops: Harvard blew a US$1-billion bet on tomatoes, sugar, and eucalyptus. The university's highly paid money managers thought they could manage risks other schools avoided. Bloomberg

The Streetwise newsletter is daily. 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.

Report an editorial error

Report a technical issue

Editorial code of conduct

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
Bank of Montreal
Bank of Montreal
Equifax Inc
Royal Bank of Canada
Royal Bank of Canada
Saputo Inc

Interact with The Globe