Corner of Bay Street and Adelaide streets in Toronto, on July 25, 2013. The consumer watchdog charged with overseeing Canada’s banks is pledging to publish “initial findings” from a review of sales practices by the end of the year.Gloria Nieto/The Globe and Mail
Cannabis Wheaton lights up new financing deal
Marijuana financier Cannabis Wheaton Income Corp. hired a new investment dealer Tuesday to raise $50-million for the company, resurrecting a much-watched deal that features the company's lawyer and former bankers as significant personal shareholders. Story
Bond market sees influx of foreign capital
Foreign companies are selling debt into the Canadian bond market at levels not seen since 2007, with $4.85-billion worth of maples sold in May alone. The sheer amount of foreign capital companies are raising in Canadian dollars isn't the only story. Story (Mark Rendell)
DAILY DEALS
Valeant Pharmaceuticals International Inc. is in talks to sell its Bausch & Lomb unit's surgical products business to German medical technology maker Carl Zeiss Meditec AG, people familiar with the matter said. Story
ELSEWHERE IN FINANCE
The soul of Canada's oldest bank lies beneath the cobblestone streets of Old Montreal in a vault protected by the guardians of history. Story (Bloomberg)
Lloyd Blankfein racked up 21,000 Twitter followers in his first week on the social-media service. But he has returned the compliment only once. The sole account he follows belongs to Be Mixed, a startup maker of low-calorie cocktail mixers. Why that business? Story (WSJ, subscription required)
New York-based Wahed Invest will offer its automated investment services across the United States after raising $5 million in seed capital, making it the first robo-adviser to cater to Muslim investors through a sharia-compliant platform, its founder said. Story (Reuters)
European regulators dreamed up a new type of bond after the 2008 financial crisis to prevent another financial meltdown: contingent convertible debt, which would get wiped out before a big bank became insolvent. Story (Blomberg)