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Here are the top reads on deals and financial services over the last 24 hours,

Bombardier: Bombardier Inc.’s strategic advantage over archrival Embraer SA might be gone, but the company’s chief executive says it remains months ahead in the battle for single-aisle jetliner sales. Less than a week after the Montreal-based plane maker finalized its tie-up with European giant Airbus SE, Embraer on Thursday announced its own joint venture with Boeing Co. Story (Nicolas Van Praet)

MCAP CEO: At the tail end of his tenure running alternative lender MCAP Financial Corp, Derek Norton tried to take the company public in a $275-million deal. Even after years of explosive growth, he couldn’t get the deal to close. Two years later, Mr. Norton is retiring, a move announced abruptly on Thursday. In doing so, he leaves his IPO goal unfilled. Story (Tim Kiladze, for subscribers)

MORE DEALS NEWS

Brookfield: Brookfield Property Partners LP is in talks to buy Waterside Plaza on the East Side of Manhattan for about $600-million, according to people with knowledge of the matter. Story (Reuters)

IN CASE YOU MISSED IT

IPO outlook bolstered: Rising energy prices are expected to breathe some life into the market for initial public offerings, after political uncertainty weighed on executives and made for a sluggish start to the year. Story (Alexandra Posadzki, for subscribers)

Not the whole story: League tables, the charts that are every investment banker’s favourite way to establish bragging rights on Bay Street, don’t tell the whole story of what is happening this year in Canadian capital markets. Story (Andrew Willis, for subscribers)

Enbridge sale: Enbridge Inc. is shedding its Canadian natural gas gathering and processing business in a $4.31-billion sale to Brookfield Infrastructure Partners LP (BIP) and other investors as the pipeline giant seeks to cut debt and fund growth. Story (Jeff Lewis and Jacqueline Nelson)

Enbridge CEO: Al Monaco is nothing if not methodical. It was just a few months ago that Enbridge’s chief executive officer was up against a daunting list of tasks aimed at counteracting worries that had enveloped the pipeline company, which had long been a bulwark against market uncertainty. Column (Jeffrey Jones, for subscribers)

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