A Bay Street sign is seen in Toronto in this file photo.© Mark Blinch / Reuters
OSFI proposes new stress tests for uninsured mortgages
Canada's banking regulator is proposing to tighten rules governing the way mortgage lenders judge the risk in making home loans, including requiring new stress tests for all uninsured mortgages. Story (James Bradshaw)
Gluskin Sheff wins arbitration hearing with founders
Gluskin Sheff + Associates Inc. won a long-running dispute with its founders on Thursday, sending shares in the money management firm soaring. Story (Andrew Willis)
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DAILY DEALS
Canadian sushi company Bento Inc. scrapped plans for an initial public offering after failing to attract enough interest from institutional investors. Story
Berkshire Hathaway Inc.'s energy business is nearing a deal to buy Oncor, one of the country's largest electricity-transmission businesses, according to people familiar with the matter. Story (WSJ, subscription required)
IN CASE YOU MISSED IT
The federal government has named Janice Fukakusa, a former chief financial officer of the Royal Bank of Canada, as the first chairperson of the board for the Canada Infrastructure Bank.Story(Bill Curry)
Former AGF and 3Macs executive Randy Ambrosie looks to pull off another transformation as commissioner or the Canadian Football League. Story
Blake Goldring: Beware the unintended consequences of banning embedded fees. Story
ELSEWHERE IN FINANCE
Canada's top 10 venture-capital financings in the second quarter drew $518-million from investors, up 8 per cent from the $480-million that went into the top 10 deals a year earlier. Story (PE Hub)
The Ontario government is providing $1.5-million to Carrot Rewards, an app that rewards users for increasing digital finance skills and improving health. Story (Betakit)