Skip to main content

The Bay Street sign is pictured in the heart of Toronto’s financial district.MARK BLINCH/Reuters

Disclosure: Cannabis companies that do business in the United States can keep listing, trading and clearing their shares in Canada, avoiding the worst-case scenario that could have seen them banned outright. Story (Christina Pellegrini, for subscribers)

Street moves: Veteran BMO Nesbitt Burns Inc. banker Egizio Bianchini is joining the senior management team and board of directors of international mining company Ivanhoe Mines Ltd. Story (Niall McGee, for subscribers)

Regulation: British Columbia's securities watchdog says it doesn't consider the tokens underlying the collectible, blockchain-based virtual cats created by CryptoKitties to be securities. Story (Alexandra Posadzki, for subscribers)

Pot PE: Publicly traded cannabis companies are not the only ones attracting big money from investors – private firms are getting in on the action, too. Tilray Inc., a privately owned licensed producer (LP) in Nanaimo, B.C., announce Thursday that it has raised $60-million to expand its growing capacity in Canada and Europe and to push its brand of medical cannabis products into a handful of new countries. Story (Christina Pellegrini, for subscribers)

FINANCIAL SERVICES WRAP

Earnings: Thomson Reuters Corp. capped 2017 with a quarter of modest growth, as the news and information giant prepares to reshape its business through a multibillion-dollar deal with private equity firm Blackstone Group LP. Story

DEAL WRAP

Oil sector: Canadian oil sands producer MEG Energy said on Thursday it had agreed to sell some pipeline and storage assets in Alberta to Wolf Midstream Inc for $1.61-billion to pay down debt and fund its flagship project in Athabasca. Story

Tech sector: Chipmaker Qualcomm Inc said on Thursday its board had unanimously rejected Broadcom Ltd's revised US$121-billion buyout offer. Story (for subscribers)

Canadian venture financing: Cryptocurrency exchange Coinsquare has closed an equity financing round with Canaccord, raising a total of $30-million. BetaKit

WHAT WE'RE READING ELSEWHERE

Gender gap issue: Recent research shows that just hiring or promoting women VCs doesn't automatically lead to an increase in funding for female-founded startups. But here's what could. PitchBook

Trading: AQR co-founder Cliff Asness and a portfolio manager at the firm refute claims that systematic strategies are behind recent turbulence in the stock market. Institutional Investor

IN CASE YOU MISSED IT

Regulators: Canadian securities regulators are urging tech giant Google Inc. to ban all advertising for cryptocurrencies and initial coin offerings over fraud concerns. Story (Alexandra Posadzki)

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
BX-N
Blackstone Inc
-4.19%116.13
IVN-T
Ivanhoe Mines Ltd
-2.67%20.04
MEG-T
Meg Energy Corp
-1.98%29.75
QCOM-Q
Qualcomm Inc
-2.26%208.26
TRI-N
Thomson Reuters Corp
-1.99%169.05
TRI-T
Thomson Reuters Corp
-1.49%231.85

Interact with The Globe