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Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. Canada's largest city is getting itself a new resident this year: the headquarters of the federal government's new infrastructure financing agency. THE CANADIAN PRESS/Adrien Veczan

The Canadian Press

Canada Pension Plan Investment Board is helping to buy one of the biggest independent electricity generators in the U.S. amid a surge in power and energy deals this year. Story

Bloomberg TV Canada is eliminating its two original in-house Canadian business programs, including its marquee evening interview show, in a move that sees more than 20 people lose their jobs. Story (Niall McGee, subscribers)

The Canadian arm of U.S. mutual fund giant Fidelity Investments is gearing up to enter the crowded market for exchange-traded funds, with the company on the hunt for an executive to develop ETFs to sell in this country. Story (Clare O'Hara)

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Starting on Nov. 1, CIBC will create a branchless banking brand, Simplii Financial, and move about two million clients from President's Choice Financial, a low-cost banking subsidiary run jointly with grocery behemoth Loblaw Cos. Ltd. Story (James Bradshaw)

When Bruce Croxon launched a venture capital firm in 2012 named after a renowned boxing match, the entrepreneur and TV star had no idea how much of a fight lay ahead. "I thought it would be a lot easier than it turned out to be" to raise a $100-million venture capital (VC) fund, Mr. Croxon said of his Toronto-based Round 13 Capital. Story (Sean Silcoff, for subscribers)

Most of Canada's major banks saw a dip in trading revenues in the second quarter. However, that same low volatility creates a favourable environment for public companies which can come to market with large stock issues, says RBC head of equity Kirby Gavelin. Story (Niall McGee, for subscribers)

Canada's banking regulator is reviewing sales practices at the country's six largest banks, focusing on the risks such tactics could pose to banks' reputations and financial health. Story (James Bradshaw, for subscribers)

Gibson Energy Inc.'s largest shareholder says it's frustrated with the slow pace of the company's restructuring and is demanding a new round of asset sales to set the remaining oil-storage business up to be an attractive acquisition target. Story (Jeff Jones, subscribers)

Charyl Galpin is no longer the head of Bank of Montreal's investment dealer BMO Nesbitt Burns and is moving to a new role within the bank. Story (Clare O'Hara, subscribers)

Jennifer Reynolds has spent the past four years championing the importance of diversity on the trading floors of Canadian financial institutions. Next month, as she takes the helm of the Toronto Financial Services Alliance, the former investment banker will be shifting her focus to promoting Toronto's financial services sector on the global stage. Story (Alexandra Posadzki)

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OTHER RECENT FINANCINGS AND DEALS NEWS

Cushman & Wakefield, a portfolio company of TPG Capital, PAG Asia Capital and Ontario Teachers' Pension Plan (OTPP), has acquired 20 VIC Management Inc., a commercial real estate management firm providing high-level personalized service to an exclusive group of pension funds, private equity firms and high-net-worth investors. 20 VIC currently manages over 21 million square feet of space. Private Capital Journal

Edmonton-based Serious Labs, which develops VR training solutions for the work force, has raised a $6.4-million Series A. Betakit

Citigroup Inc. and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday. Story

WEEKEND READING

China's moves to crack down on illicit banking activities have achieved initial targets and 20 sets of new regulations to increase supervision will be issued this year, the chief of the banking regulator's Prudential Regulation Bureau said on Friday. Story

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Companies targeted by activist hedge funds are more likely to artificially boost earnings and hide bad news, according to research. Institutional Investor

Barclays PLC has installed devices that track how often bankers are at their desks. Bloomberg

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