Skip to main content

The Bay Street sign is shown in the heart of the financial district as people walk by in Toronto.MARK BLINCH/Reuters

Rogers Communications Inc. chief executive Joe Natale has only been on the job for six months. He could be forgiven for ducking tough questions on his plans for what some see as the telecom company's non-core assets: the Toronto Blue Jays, Maple Leaf Sports & Entertainment and a stake in fellow cable operator Cogeco Inc. But Mr. Natale isn't ducking. Story (Andrew Willis, subscribers)

There's a new breed of buyer in the oil patch. Or rather, several nontraditional ones and they're having a heyday as publicly traded producers struggle to scrape together financing for deals. Story (Jeffrey Jones, subscribers)

DAILY DEALS

Barrick Gold Corp. has struck a tentative deal with the government of Tanzania, which should resolve a messy dispute that had halted a key source of its gold production through its London-based subsidiary, Acacia Mining PLC. Story (Niall McGee)

Cenovus Energy Inc. is likely to put more properties on the block to meet its target for asset sales as the oil sands producer seeks to reduce its hefty debt load. Story (Jeff Lewis)

Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc's investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc. Reuters

AdHawk Microsystems, a company that is developing the world's first camera-free eye-tracking system, will be receiving over $5-million in funding from Intel. Betakit

Hiya, the company behind the caller ID and spam-blocking app of the same name, has raised $18-million (U.S.) in a series A round of funding as it looks to "transform mobile calling worldwide," according to a statement. VentureBeat

New York-based MongoDB went public on the Nasdaq on Thursday, finishing the day at $32.07 (U.S.) , up 34 per cent above its IPO price of $24. This is also above the proposed range of $20 to $22, which had been increased from $18 to $20. TechCrunch

Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it has raised a $4-billion (U.S.) Series C round from a group of investors led by existing backer Tencent. TechCrunch

Stitch Fix Inc., the online personal-styling service backed by Benchmark, filed for a U.S. initial public offering. The company filed with an initial offering size of $100-million (U.S.) in Class A stock, which is a placeholder typically used to calculate fees and may change, according to a filing with the U.S. Securities and Exchange Commission Thursday. Bloomberg

ELSEWHERE IN FINANCIAL SERVICES

Everyone's a China-watcher these days, as red-blooded capitalists try to extract policy clues from hourslong speeches by aged Communist leaders. Wall Street Journal (subscribers)

The growing trend of global law enforcement and financial institutions sharing information to detect serious financial crime is encouraging, but it is too little and too diffuse in the face of the sizeable threat, according to a research paper. Wall Street Journal (subscribers)

WHAT WE'RE READING

Jim Grant's Botched Bridgewater Takedown: The anatomy of a publishing disaster, investment-style Institutional Investor

IN CASE YOU MISSED IT

Prominent business newsletter writer Marc Faber stood by racist remarks he made this week that led to his dismissal from several corporate boards, justifying them on freedom-of-speech grounds. Story (Niall McGee)

Bank of Nova Scotia has put its gold business up for sale in the aftermath of a massive money laundering scandal centred on a U.S. refinery that involved smuggled gold from South America, the Financial Times reported. Story

Interact with The Globe