Streetwise newsletter: The week’s best reads: Dynamic, MLSE, Disney

Good morning. Here are the top reads of the week from Streetwise. Enjoy your weekend. Former Dynamic Funds mind Jordy Chilcott has joined the executive team at Sun Life Global Investments. (Clare O'Hara, for readers)It is easy to fault Maple Leaf Sports amp; Entertainment for failing to win a championship in the Organization's flagship Toronto possessions, the NHL's Maple Leafs and the NBA's Raptors. It is impossible to fault MLSE for its capacity to make a first-class fan experience, and Read more [...]

Streetwise newsletter: MLSE’s football play; Disney’s foray into streaming war

It's easy to fault Maple Leaf Sports & Entertainment for failing to win a championship at the company's flagship Toronto properties, the NHL's Maple Leafs and the NBA's Raptors. It's impossible to fault MLSE for its ability to create a first-class fan experience, and its ability to separate that fan from every available dollar. On MLSE's watch, the stands are always full and broadcasts are ratings winners. That business acumen explains why MLSE ended up acquiring another Toronto team on Wednesday Read more [...]

Streetwise newsletter: CIBC Appears to Resolve Caribbean problem, double Gains from U.S. Surgeries

How badly does CIBC want to fix its Caribbean problem? (Tim Kiladze, for readers)Canadian Imperial Bank of Commerce has an ambitious goal to nearly double the share of its profits coming from its U.S. banking arm over three decades. (James Bradshaw, for readers)Fidelity Canada is opening a trading desk in Toronto so as to gain competitive advantages on the market for example closer proximity to the prices on Bay Street. (Clare O'Hara, for readers) DEAL Read more [...]

Streetwise newsletter: CIBC mulls offering Caribbean subsidiary; MTY strikes $248-million deal for Imvescor

Canadian Imperial Bank of Commerce is considering listing its Caribbean banking subsidiary on U.S. stock markets, seeking options to redeploy resources away from a region that has been known as a risky place to do business. (James Bradshaw) Stanley Ma's MTY Food Group Inc. is making a friendly bid to acquire Imvescor Restaurant Group Inc. for $248-million in cash and stock, a transaction aimed at diversifying the business by boosting the number of casual sit-down restaurants in its stable. Read more [...]

Streetwise newsletter: Hostile bid for CanniMed an inside job, CEO says; How the CSE capitalized on Marijuana stocks

The chief executive officer of CanniMed Therapeutics Inc. says two supervisors launched a covert campaign to market the medical cannabis manufacturer after they and the rest of the board agreed to engage in a deal that would place it for the recreational marijuana marketplace. (Jeffrey Jones and Christina Pellegrini, for readers)Richard Carleton can not help but laugh when he is asked: "In 2014, how much did you know about marijuana?" The question is not about eating, but it still catches him Read more [...]

Streetwise newsletter: The week’s best reads: Funding, Laurentian, bitcoin

Good morning Streetwise readers. Here are the best reads of the week. Have a fantastic weekend. A surprising flurry of share sales has opened the floodgates for Canadian firms yearning to raise money, marking the conclusion of a funding drought and reversing the fortunes for Bay Street underwriters behind those deals. (Tim Kiladze, for readers)Playing catch-up with its much larger peers has become the story of Laurentian Bank's life because it was founded 171 decades ago as the Montreal City Read more [...]

Streetwise newsletter: Bay Street bonanza; Laurentian Bank CEO’s biggest test yet

A surprising flurry of share sales has opened the floodgates for Canadian companies yearning to raise cash, marking the end of a financing drought and reversing the fortunes for Bay Street underwriters behind these deals. (Tim Kiladze, for subscribers) Playing catch-up with its much bigger peers has been the story of Laurentian Bank's life since it was founded 171 years ago as the Montreal City and District Savings Bank. Since taking over as chief executive officer two years ago, François Read more [...]

Streetwise newsletter: Kinder Morgan sells shares for Trans Mountain plan; Laurentian looks to calm markets over mortgage gaffe

Kinder Morgan Canada Ltd. is selling $200-million in shares even as the company dials back spending and warns of additional delays to its marquee Trans Mountain pipeline expansion. (Jeff Lewis) Laurentian Bank of Canada is trying to calm jittery investors, suggesting shareholders overreacted when they sent its share price tumbling after the bank disclosed problems with some mortgages it issued. (James Bradshaw) One of Canada's unheralded software success stories, Ottawa-based Titus Inc., Read more [...]

Glencore, Ontario Teachers’ Pension Plan Launching mining royalty firm

AngloSwiss mining giant Glencore PLC has struck a bargain with the Ontario Teachers' Pension Plan to make a personal royalty and streaming company -- among the first of its type in the base metals industry.BaseCore Metals begins life with a portfolio of existing Glencore royalties in North and South America worth $300-million (U.S). , also includes a royalty on Highland Valley, a Teck Resources Ltd. copper mine in British Columbia.According to a joint press release on Tuesday, Teachers paid money Read more [...]

Streetwise newsletter: Manulife’s new reason to hold onto its U.S. Heritage business; Mind of ETFs in AGF to part ways with Company

Because interest rates remain so low and profits are subdued, Manulife Financial Corp. has been debating what to do with certain parts of John Hancock, its fighting American organization. Rumours of a sale or spin-off of Manulife's struggling units, especially the ones that pay premiums, have swirled for a short time. (Tim Kiladze, for readers)The mind of exchange-traded funds for AGF Management Ltd. will be leaving the business at the start of 2018. (Clare O'Hara, for readers)DEAL SUMMARY Read more [...]