PRESS DIGEST- Canada - Dec 15

Tue Dec 15, 2015 5:58am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Dec 15 (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

** Encana Corp cut its dividend by 79 percent and slashed its 2016 budget by one-quarter, stepping up efforts to conserve cash as oil prices plumbed multi-year lows. Calgary-based Encana chopped its annual dividend to 6 cents per share. (bit.ly/1NmMz5z)

** Major landlords of insolvent Target Canada are pushing the retailer to disclose details of a C$132 million ($96.5 million) settlement with its largest landlord, RioCan Real Estate Investment Trust, in exchange for other concessions. (bit.ly/1O27vft)

** Some Ontario grocers, including Loblaw Cos Ltd, will start stocking beer on their shelves on Tuesday as the province loosens its ban on supermarkets selling alcoholic drinks. Still, other retailers that got the green light to sell six-packs of beer will not have the approvals they need by Tuesday. (bit.ly/1TMMJER)

  Continued...