PRESS DIGEST- Canada - August 5

Fri Aug 5, 2016 6:33am EDT
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Aug 5 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Publicly held GMP Capital Inc announced late Thursday that it is buying privately held FirstEnergy Capital Corp for C$98.6 million ($75.78 million). GMP will pay for the deal by issuing C$58.9 million ($45.27 million) in stock, that will be paid out to FirstEnergy shareholders over four years, and the balance through the issuance of an unsecured promissory note. (

** Malaysia's state-owned Petronas says it expects to make up its mind about whether to construct a huge energy project in Canada after it studies a crucial ruling pending from the federal Liberal cabinet. (

** With the dismissal of the chief executive of McInnis Cement, investors led by Bombardier Inc's founding family are hoping to get the C$1.1 billion ($845.37 million)cement project in Quebec's Gaspe peninsula back on track amid massive cost overruns. (