PRESS DIGEST- Canada- Sept 18
Sept 18 (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
** Barrick Gold Corp is shutting a major American office and dismantling its copper unit, the company's latest steps to cut costs and overhaul operations amid the slump in gold prices. The closing of its Salt Lake City office along with the unwinding of its copper business will help the world's biggest gold producer save $2 billion by the end of next year, the company said. (bit.ly/1LBX41i)
** U.S. Steel Canada Inc will seek a court order to continue restructuring under court protection beyond this year, the company said on Thursday. The company said it has been unable to negotiate a sale of its operations in Hamilton and Nanticoke, Ontario, or reach a restructuring agreement, and without an extension of the court protection it would likely have to cease operations at the end of the year. (bit.ly/1Oj0LyP)
** The operator of Canada's largest chain of movie theatres is moving further into electronic gaming, announcing some $15 million in investments on Thursday that will see eSports competitions playing out on Cineplex stages across the country. Cineplex Entertainment Inc will pay $10 million to acquire the assets of WorldGaming, which has a platform used for tournaments and leagues for the competitive gaming community. (bit.ly/1Oj0LyP) Continued...