People walk during rush hour Bay Street in the financial district in Toronto, Wednesday June 28, 2017.Mark Blinch/The Globe and Mail
UBS chair says Canada's infrastructure bank could be global 'blueprint'
The chairman of Swiss banking giant UBS AG is throwing his support behind Canada's plans to create a federal infrastructure bank, saying aspects of the plan could provide a "blueprint" for financing global investments. Story (James Bradshaw)
Manulife Securities to settle with OSC over client overcharges
Manulife Securities has reached a settlement with the Ontario Securities Commission after charging some clients incorrect investment fees for certain mutual-fund products and fee-based accounts for more than a decade. Story (Christina Pellegrini)
This is the daily Streetwise newsletter with headlines chosen by Globe financial services editor Rita Trichur. If you're reading this on the Web or someone forwarded this e-mail newsletter to you, you can sign up for the Streetwise newsletter and all Globe newsletters here.
DAILY DEALS
Alimentation Couche-Tard Inc. says it has signed an agreement to buy Upper Midwest U.S. convenience store player Holiday. Story
Pengrowth Energy Corp. has scrapped a $180-million deal to sell Alberta oil assets to a private company backed by a Chinese-Thai billionaire after financing for transaction fell through. Story (Jeff Lewis)
ELSEWHERE IN FINANCE
Ottawa-based investment bank Sampford Advisors is expanding and hoping it can make a dent in the competitive Toronto market for mergers and acquisitions (M&A) advice. Story (Niall McGee)
Canada is one of the top five destinations globally in which to actively pursue acquisitions, despite global uncertainty Story (Lexpert)
Montreal-based Chronometriq, which provides an online healthcare appointment booking solution, announced that it has secured over $3.5 million in Series A funding. Story (Betakit)
IN CASE YOU MISSED IT
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)