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People walk to Brookfield Place off Bay Street in this file photo.© Mark Blinch / Reuters

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Soulpepper's growth from a small Toronto theatre company into one of Canada's most successful artistic ventures was fuelled by the dynamism and passion of artistic director Albert Schultz, who resigned Thursday after allegations of sexual misconduct spanning several years. Story (James Bradshaw, Christina Pellegrini, Tim Kiladze)

DEAL WRAP

Brookfield Asset Management Inc. is leading a $4.6-billion (U.S.) deal to purchase nuclear power giant Westinghouse Electric Co., which was forced into bankruptcy nearly a year ago owing to massive cost overruns at construction projects in the United States. Story (Alexandra Posadzki and Shawn McCarthy, for subscribers)

Suncor Energy Inc. and Teck Resources Ltd. are getting a bargain price for bigger stakes in the Fort Hills oil sands mine they are buying from partner Total S.A., analysts say. Story

Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal worth about $7.9-billion (U.S.), offering the utility a way to appease customers and investors angered by the cost of a failed nuclear project. Story (for subscribers)

China's Dalian Wanda Group is considering a Hong Kong listing for its sports assets as part of efforts to rationalise its portfolio that could also include other sales, according to five people familiar with the situation. Story

Seaspan Corp. announced that it has signed a letter of intent in late December 2017 pursuant to which Fairfax Financial Holdings Ltd., through certain subsidiaries, will make an investment of $250 million (U.S.) in Seaspan in exchange for the issuance by Seaspan of 5.5 per cent interest bearing unsecured debentures and Class A common share purchase warrants. Private Capital Journal

Europe's AImotive has raised $38 million (U.S.) in a third round of funding for its software for autonomous cars. Budapest, Hungary-based AImotive has specialized in making software that can take the data from autonomous car cameras and sensors and then identify pedestrians and other hazards for the artificial intelligence driving system to avoid. VentureBeat

Quartet, a technology platform that serves to bridge the gap between primary care and mental health providers, has raised $40 million (U.S.) in a series C round of funding led by F-Prime Capital Partners and Polaris Partners, with participation from existing investors including GV (Google Ventures) and Oak HC/FT. VentureBeat

Wealthfront Inc., one of the largest independent digital wealth management startups, just closed a $75 million (U.S.) round of funding to help develop new products for its growing client base. The company has amassed just over $9 billion in assets under management since launching in late 2011. Bloomberg

Private equity firm Silver Lake has taken a majority stake in WP Engine Inc., investing $250 million (U.S.) to help the web technology startup buy out some investors and expand internationally. WP Engine builds tools to better operate websites based on WordPress -- an open-source technology used to build and manage websites and applications. Bloomberg

FINANCIAL SERVICES WRAP

Traders using at least two major online discount brokerage platforms are complaining of sporadic outages and expressing frustration that the latest glitch has tied their hands amidst a broad plunge in marijuana stocks. Story

Insurers will have to pay claims of around $135 billion (U.S.) for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. Story

WHAT WE'RE READING ELSEWHERE

Private Equity's Capital Avalanche: Investors shoveled a record $453 billion (U.S.) into the industry last year, elevating dry powder above $1 trillion for the first time. Insitutional Investor

IN CASE YOU MISSED IT

Some of the last megamergers announced in 2017 could offer a clue as to where deal activity will pile up this year. Story (Jacquline Nelson, for subscribers)

Apple Inc. has staked its first presence in Vancouver with the purchase of Buddybuild, a three-year-old startup that designs software tools for mobile app developers. Story (David Ebner, for subscribers)

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 2:21pm EDT.

SymbolName% changeLast
AAPL-Q
Apple Inc
-0.93%171.7
BAM-N
Brookfield Asset Management Ltd
+0.48%42
BAM-T
Brookfield Asset Management Ltd
+0.26%56.86
D-N
Dominion Energy Inc
+1.46%49.23
FFH-T
Fairfax Financial Holdings Ltd
+0.06%1469
SU-N
Suncor Energy Inc
+1.1%36.88
SU-T
Suncor Energy Inc
+0.77%49.88
TECK-N
Teck Resources Ltd
+4.03%45.69

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