Uncertainty in the cannabis sector intensified after the Canadian Depository for Securities, the clearing house for equities, could disrupt trading of stocks of cannabis companies with U.S. investments.GEOFF ROBINS/The Globe and Mail
Canada's largest stock-exchange operator is slated to report its latest financial results on Wednesday amid growing concern over how it is handling the listing and trading of some marijuana companies. Story (Christina Pellegrini, subscribers)
An independent report done for Home Capital Group Inc. found that company managers were inattentive to the risks of mortgage fraud – and ignored warnings from regulators and industry partners – even as mortgage brokers were submitting loan applications with phony information to the firm. Story (David Milstead, subscribers)
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DAILY DEALS
For all the speculation of a tie-up with Vodafone, cable tycoon John Malone's next European deal could just as easily be in TV. Story (Wall Street Journal, subscribers)
ELSEWHERE IN FINANCE
The Federal Reserve on Tuesday gave a one-year extension for 19 foreign banks (including four Canadian banks) and 2 domestic lenders to write their 'living wills' in case of bankruptcy, giving the banks until the end of 2018 to comply. Story (Wall Street Journal, subscribers)
Does Canada's banking capital have too many bankers? A new report from LinkedIn Corp. says that Toronto has a surplus of workers with banking, legal and other financial-services-related skills. Story (Rachelle Younglai)
Wells Fargo & Co. is facing more regulatory scrutiny related to auto-insurance practices. Story (Wall Street Journal, subscribers)
IN CASE YOU MISSED IT
A collective of Canada's largest banks and major companies from other key sectors is on the cusp of an agreement to gain access to a federal spy agency's trove of information about cyberthreats. Story (James Bradshaw and Colin Freeze, subscribers)
London City is part of a global trend that has seen private interests spend billions to swallow up airports around the world. How Canada's largest investors hope to turn tired travel hubs into profit machines. Story (Jacqueline Nelson, subscribers)
A number of executives at Eight Capital Corp. have left the independent brokerage firm, weeks after it was involved in a controversial, and unsuccessful, financing deal for a new marijuana company. Story (Niall McGee, subscribers)