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Streetwise newsletter: New CEO for iA Financial Group; oil junior Junex to merge with Cuda

Here are the top reads in deals and financial services over the past 24 hours

CEO appointment: After 18 years as president and chief executive officer of iA Financial Group, industry veteran Yvon Charest is set to retire in September and pass the reins over to chief operating officer Denis Ricard. Story (Clare O’Hara, for subscribers)

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Energy merger: Quebec oil junior Junex Inc. is merging with Calgary’s Cuda Energy Inc., the latest driller to lose its independence in the French-speaking province as Premier Philippe Couillard’s government moves to tighten the rules on oil and gas exploration and production. Story (Nicolas Van Praet, for subscribers)

FINANCIAL SERVICES WRAP

Street shuffle: Royal Bank of Canada’s U.S. compliance chief is no longer with the firm, at least the third executive to depart in the past two months. Story

DEAL WRAP

Cannabis consolidation: Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115-million. Story

Telecom sector: AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for US$85-billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. Story (for subscribers)

Events: Dx3, an event for marketers examining the relationship between tech, media, and retail, has been acquired by IoT Events. BetaKit

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WHAT WE’RE READING ELSEWHERE

Bank mergers: Deutsche Bank AG Chief Executive Officer Christian Sewing played down the prospect of a merger with local rival Commerzbank AG, saying cross-border deals offer the best future for European banks. Bloomberg

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