Streetwise newsletter: The week’s best reads: Power Corp., energy Prices, National Bank

Good morning. These would be the best reads of the week. Have a fantastic weekend. The Desmarais family's Power Corp. empire was treading water since the fiscal crisis. Now, as a third generation gets ready to take the reins, investors are losing patience. Can one of Canada's most influential families reunite the nation's largest conglomerate to its formernbsp;glory? (Jacqueline Nelson and Andrew Willis, for readers)Officially, Paul Desmarais Sr. handed the executive reins to his two sons Read more [...]

Streetwise newsletter: Head of ETFs for Manulife Investments leaving post; RSM establishes Canadian foothold

The head of Manulife Investments' exchange-traded funds department will be stepping down from her role later this month. (Clare O'Hara, for readers)Canada's corporate accounting, auditing and consulting company is becoming a shake up with the purchase of the largest office of mid-market specialist Collins Barrow by RSM International, the industry's sixth-largest player. Story (Jeffrey Jones, for readers)Growing earnings from U.S. banking operations played a significant role in fostering fourth-quarter Read more [...]

Streetwise newsletter: RBC’s year of record profit; GFL plans $1-billion IPO

Royal Bank of Canada capped a year of record profit with a 12-per-cent jump in fourth-quarter earnings, but analysts are unsure the bank can sustain such rapid growth. (James Bradshaw) DAILY DEALS Private equity-backed Canadian waste management company GFL Environmental Inc. is seeking to raise as much as $1-billion in an initial public offering that could be filed as early as the first quarter, people familiar with the situation told Reuters on Wednesday. Read more [...]

Streetwise newsletter: Canadian Bud firms face fork in the road; Scotiabank’s bet on Chilean takeover

Canadian bud companies are facing a fork in the road over their vulnerability to the USA. Two distinct deals introduced Tuesday highlight the intricacies of the problem: Leave the developing economy south of the border entirely or push deeper. (Christina Pellegrini, for readers)Brian Porter repeats something so often it is almost an incantation. Since taking over as Bank of Nova Scotia's chief executive officer four decades back, he is constantly stressed an global strategy that's uber-focused Read more [...]

Streetwise newsletter: Torstar, Postmedia strike a Bargain; the backers behind Aurora’s CanniMed Bidding

DAILY DEALSCanada's two largest newspaper companies have struck a deal to exchange a total of 37 community papers and four free commuter newspapers -- and shutting lots of the newsrooms that once competed in these markets -- in a bid to deal with declining advertising revenues and a fighting print media environment. Susan Krashinsky-RobertsonAurora Cannabis Inc.'s all-stock hostile takeover bid of medical marijuana firm CanniMed Therapeutics gets the backing of a Toronto-based investment director, Read more [...]

Streetwise newsletter: Last week’s best reads: Marijuana, TMX, financial services

Good morning. Here are the top Streetwise reads of this week. Have a fantastic weekend. Flurry of deal activity in bud industry increases market euphoriaThe reefer madness that has enveloped Bay Street is creating deals galore -- and a few are worth quite serious coin. As recreational-weed legalization approaches in Canada, the action's only going to intensify. (Jeff Jones for readers) TMX updates clearing standing on marijuana stocks which do U.S. Read more [...]

Streetwise newsletter: Toronto Quickly becoming hub for financial services

Toronto is steadily rising as a hub for financial services, piling on a bigger proportion of the nation's jobs in banks, insurers, asset managers and other companies. James Bradshaw (readers)FROM ROB MAGAZINEMeet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year: How the five Brookfield bosses have quietly transformed their company to Canada's most successful global player. Eric Reguly (readers) ELSEWHERE IN FINANCIAL Read more [...]

GMP Capital loses two key mining bankers

Independent investment bank GMP Capital Inc. has lost two of its key mining bankers.The Toronto-based seller announced late on Monday that Doug Bell, vice-chairman, investment banking, and a named executive officer with the company, is leaving to start his own company. Mr. Bell was with GMP for eight decades.A GMP spokesperson also confirmed on Tuesday that Ron D'Ambrosio, a managing director in the mining industry since 2010, has left the firm. Sources Read more [...]

Streetwise newsletter: Aurora goes hostile for CanniMed; BMO names first chief digital officer

Aurora Cannabis Inc. says it is forging ahead with plans to establish a hostile takeover bid to acquire CanniMed Therapeutics Inc., a move that would create Canada's second-largest medical-cannabis firm behind Canopy Growth Corp.. Christina Pellegrini (readers)Bank of Montreal has carved out a new role to direct its electronic modernization and plucked a senior executive from U.S. bank Wells Fargo amp; Co. to fill it. James Bradshaw (readers)Fallen Vancouver tech celebrity Technologies Read more [...]

Streetwise newsletter: Last week’s best reads: Aphria, Ivanhoé Cambridge

Best of the WeekAphria defiant amid possible ban from TSXThe stalemate between Canada's largest stock market and its largest publicly listed cannabis firm with assets in the USA shows no signs of lifting any time soon. Christina Pellegrini (readers) Ivanhoé Cambridge attempts to sell stakes in major malls in Toronto, Calgary, Greater VancouverIvanhoé Cambridge is attempting to sell its stakes in three Canadian malls -- a deal that could be worth more Read more [...]