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
Cogeco expands U.S. footprint with cable deal
Cogeco Communications Inc. is making a bigger bet on its U.S. strategy, looking for subscriber growth in mid-sized markets with a $1.4-billion (U.S.) deal to acquire the remainder of the MetroCast brand of cable assets it does not already own. Story (Christine Dobby)
CIBC bolsters U.S. presence with deal to acquire Geneva Advisors
Canadian Imperial Bank of Commerce has struck a deal to buy Geneva Advisors for up to $200-million (U.S.), taking another step toward building a renewed presence in the United States. Story (James Bradshaw)
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DAILY DEALS
Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc's deal for the Texas utility with a bid worth $18.5-billion, including debt. Story
Dalian Wanda Group, the giant Chinese property developer and entertainment company, is selling off most of its theme parks and hotels in a deal that would pare down a heavy debt load that has drawn attention from regulators. Story (WSJ, subscription required)
ELSEWHERE IN FINANCE
Abercrombie & Fitch Co.'s jilted suitors have dodged a bullet. Story (Bloomberg)
Emerging-market debt funds had a phenomenal first half of 2017, with record inflows and solid returns. But the ebullience is running out of steam and that sentiment will most likely deteriorate even further in the weeks to come. Story (Bloomberg)
IN CASE YOU MISSED IT
If there were a Hall of Fame for real estate investors, Richard Baker would be a unanimous, first-ballot inductee. Story (Andrew Willis)
Shares in vitamin and health-products producer Jamieson Wellness Inc. rose swiftly in its stock-market debut on the Toronto Stock Exchange with its U.S. private-equity backer among the big winners. Story (Niall McGee)