A Bay Street sign is seen in the financial district in Toronto in this file photo.Mark Blinch/The Globe and Mail
Royal Bank of Canada's capital-markets arm is making gains in Canadian fixed income, according to a new report that credits the bank's efforts to upgrade its technology and train young employees. Story (Alexandra Posadzki, for subscribers)
Driven by foreign-funded megadeals, private-equity investment in Canada saw a comeback in the first six months of 2017, with more capital invested in the first two quarters than in all of 2016. Story (Mark Rendell, for subscribers)
FINANCIAL SERVICES
Toronto-Dominion Bank has picked Dublin for its new trading hub inside the European Union in preparation for Britain's departure from the economic bloc. Story (James Bradshaw)
TD Ameritrade has launched a "chatbot," an automated program that can communicate with the brokerage's customers on Facebook Inc's messaging application, to give them information about markets and their accounts. Story
DEALS AND FINANCINGS
CGI Group Inc. – which currently has 8,000 employees in the Nordic region – is offering the equivalent of $146-million cash for Helsinki-based Affecto, or 4.55 euros per share. Story
Ryanair would be interested in bidding for the whole of insolvent German carrier Air Berlin, but it needs access to more data on the airline's finances, chief executive Michael O'Leary told Reuters. Story
Tulip Retail, a Canadian developer of mobile application platform built exclusively for retail stores and sales associates, has secured US $40-million in Series B funding led by Kleiner Perkins Caufield Byers (KPCB) and joined by existing investors, including Jump Capital. Private Capital Journal
AreaOne Farms wrapped up its third farmland private equity fund, raising $130-million thanks to institutional investors seeking initial access to agricultural assets. PEHub
Databricks, which provides software to help fuse big data and artificial intelligence, announced today that it has secured an additional $140-million in funding in a round led by Andreessen Horowitz, with participation from New Enterprise Associates (NEA). New investors include Battery Ventures, Future Fund Investment, A.Capital Partners, Geodesic Capital, and Green Bay Ventures. VentureBeat
WHAT WE'RE READING
Swinging for the fences: Sports media startup The Athletic takes on layoff-ridden industry Pitchbook
IN CASE YOU MISSED IT
Brian O'Donnell: Artificial intelligence could be the future of banking Comment