A Bay Street sign, a symbol of Canada's economic markets and where main financial institutions are located, is seen in Toronto, May 1, 2013.Mark Blinch/Reuters
Editor's note: The Streetwise newsletter will return Wednesday, May 24.
Bay Street takes new run at Hydro One offering
Investment banks that underwrote Hydro One Ltd.'s $2.8-billion equity sale are taking a second stab at selling a large chunk of the shares after investors balked at the initial deal. Story (Tim Kiladze, Andrew Willis and Jeff Lewis)
China's Comac eyes investment in Bombardier
New questions are being raised about Bombardier Inc.'s plans for the C Series following a report the Canadian company held talks with Chinese state-owned manufacturer Comac about an investment in the fledgling airliner program. Story (Nicolas Van Praet)
CPPIB posts strong gains as push to increase investment diversity continues
In Mark Machin's first year at the helm of the Canada Pension Plan Investment Board, the fund posted its second-strongest investment returns, increasing the diversity of its investment portfolio amid fiercely competitive global markets. Story (Jacqueline Nelson)
ELSEWHERE IN FINANCE
Ottawa's decision last week to locate the new Canada Infrastructure Bank in Toronto felt like a punch in the gut to Montreal. There is a palpable sense in Montreal business circles that the Department of Finance has a Toronto bias. Story (Konrad Yakabuki)
Treasury Secretary Steven Mnuchin said breaking up the biggest banks would be a "huge mistake," easing concerns that the Trump administration plans a major revamp of Wall Street. Story
Canada's biggest non-bank lender Home Capital Group Inc. named a new director and said one of its initial investors would step down from the board. Story
Lehman Brothers' collapse in the financial crisis left most of its creditors with deep losses. But Lehman's main European arm has around $10 billion of extra cash, prompting a legal feeding frenzy for hedge funds and distressed-debt investors. Story (WSJ, subscription required)