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Streetwise newsletter: Dealmakers of the year, cross-border M&As poised for big 2018, junior miners seek funding

A Bay Street sign is seen in Toronto’s financial district.

© Mark Blinch / Reuters

Here are the top reads,

Unveiled: Lexpert, Thomson Reuters, The Globe and Mail and Deloitte created the Canadian Dealmakers Program 11 years ago. The impetus was, and still is, to look behind the deals that shape Canada's capital markets.The Canadian Dealmakers award winners for 2017 were announced last night at the Fairmont Royal York hotel. We have a list of winners, plus here are the first stories from our annual Big Deals package of related stories about financing and investment banking. Here are the Canadian Dealmakers award winners for 2017.

Rankings: Annual league tables for investment banking (for subscribers)

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M&A: Canadian companies spent a good deal less money swallowing up foreign firms last year, but there are early hints they will be hungrier to do cross-border deals in 2018. Story (James Bradshaw, for subscribers)

Mining: Junior mining companies are increasingly turning to senior firms for capital, as traditional bought-deal financing becomes a riskier gambit in a difficult market for commodity plays. Story (Niall McGee, for subscribers)

Bonds: The maple bond market rebounded last year to levels not seen in nearly a decade, as a flurry of foreign companies tapped the Canadian-dollar debt market for cash. Story (Alexandra Posadzki, for subscribers)

More Big Deals stories will be published in coming days.

FINANCIAL SERVICES WRAP

Controversy: The chief executive of Maricann Group Inc. is taking aim at the underwriters who terminated a recent financing, alleging that least one of them worked to kill the deal for their own benefit and that of short-sellers who were betting against the marijuana grower's stock price. Story (Tim Kiladze and Christina Pellegrini)

Mortgages: Canadian securities regulators have released proposed changes to the rules governing syndicated mortgages in a bid to beef up transparency and consistency in the oversight of the growing sector. Story (Alexandra Posadzki)

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Regulators: Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a US$530-million theft of digital money from Tokyo-based Coincheck Inc earlier this year. Story (for subscribers)

DEAL WRAP

Health-care sector: U.S. health insurer Cigna Corp said on Thursday it would buy pharmacy benefits manager Express Scripts Holding Co for about US$54-billion, a tie-up that reflects pressure on health care companies to grow bigger to cut costs. Story

Food sector: J.M. Smucker Co. is considering a sale of its baking brands, including Pillsbury, according to people with knowledge of the situation. Story

Startups: McAfee has acquired Toronto-based VPN company TunnelBear. Terms of the deal weren't disclosed. BetaKit

Canadian venture financing: Vancouver-based Mojio has raised an undisclosed amount of funding from Iris Capital and Telus Ventures. BetaKit

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U.S. venture financing: Starsky Robotics announced that it has raised US$16.5 million in funding from Shasta Ventures. The startup also announced that it has successfully driven its self-driving cargo truck for seven miles without a driver. VentureBeat

WHAT WE'RE READING ELSEWHERE

Private equity: The private equity group of Brookfield Asset Management will soon launch its biggest fund yet to support an intensified global strategy that is taking dealmaking into new territory. PE Hub

Unicorns: Last year, 79 US companies raised a VC round with a valuation of at least US$1-billion, the highest deal value by unicorns ever. After years of high levels of VC fundraising, there may have never been a better time to raise capital for these highly valued companies. Pitchbook

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