Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010.
CMHC chief says no evidence of widespread mortgage fraud
The head of Canada's housing agency, whose responsibilities include maintaining the stability of the country's housing market, said on Thursday there was no evidence of widespread fraud in Canada's mortgage industry. Story
Canadian Western Bank sees increased mortgage demand amid Home Capital woes
Canadian Western Bank said it was experiencing higher-than normal demand for mortgages as a result of challenges faced by its largest competitor, Home Capital Group. Story
This is the daily Streetwise newsletter with headlines chosen by Globe financial services editor Rita Trichur. If you're reading this on the Web or someone forwarded this e-mail newsletter to you, you can sign up for the Streetwise newsletter and all Globe newsletters here.
DAILY DEALS
U.S. oil and gas producer Apache Corp is selling Canadian light oil assets to Canada's Cardinal Energy Ltd so it can focus on high-growth areas like the Permian basin shale play. Story (Reuters)
The boards of Linde and Praxair have voted to merge, creating a $73-billion global industrial gases leader in what is likely to be the last in a wave of combinations that has resulted in a highly consolidated market. Story (Reuters)
Deere & Co said on Thursday it would buy privately held German company Wirtgen Group for about $5-billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Story
ELSEWHERE IN FINANCE
PE Capital snapping up Canada's public tech firms Story (Bloomberg TV)
Barclays helped by the curse of low volatility Story (Bloomberg)
Banca Monte dei Paschi di Siena SpA is on track to receive a state recapitalization after European Union and Italian officials agreed on a draft plan that will include further restructuring of the world's oldest bank. Story