PRESS DIGEST-Canada - July 22

Wed Jul 22, 2015 7:36am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

July 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** The chairman and another board member at Canadian Pacific Railway Ltd have quit as directors after a dispute over corporate governance. CP Rail president Keith Creel revealed the board spat during a conference call with analysts Tuesday where the company outlined a weaker outlook. (bit.ly/1RPD6ZA)

** Energy companies already grappling with the sharp drop in crude prices are confronting a new problem: finding tenants to lease a glut of unused office space in Calgary's downtown market. Companies are seeking to lease a record 2.6 million square feet of office space, amounting to 52 percent of downtown vacancies as of June 30, according to Colliers International. (bit.ly/1VtHn46)

** The sudden resignation of Chief Executive Officer Miles Nadal and the chief accounting officer of MDC Partners Inc is the latest fallout from an SEC investigation launched last year after a whistle-blower complained to the U.S. regulator about the company's accounting practices. (bit.ly/1RPDzLt)   Continued...