Bay Street Edition

The Private Credit Industry Is Growing Up. That’s Rarely a Painless Process

Also: Who’s actually buying Cybertrucks?

Ted Pick, chief executive officer of Morgan Stanley, during a Bloomberg Television interview.Photographer: Chris J. Ratcliffe/Bloomberg

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By Christine Dobby

April 17, 2026 at 3:10 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about banks and private credit, banks and AI, and what might be a blockbuster sequel for Cineplex. Plus: the shoe company pivoting to (you guessed it) AI.