PRESS DIGEST- Canada-May 22

Fri May 22, 2015 8:19am EDT
 
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May 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

** Valeant Pharmaceuticals International Inc says it will expand its presence in Canada over coming years as the serial acquirer becomes an increasingly weighty presence on the country's benchmark equity index. (bit.ly/1Gtv55x)

** BlackBerry Ltd Chief Executive Officer John Chen saw a dramatic drop in his pay package for fiscal 2015. Chen's total compensation for fiscal 2015 was $3.4 million, compared with $85.8 million in the previous year, according to the company's regulatory filing ahead of the annual shareholders' meeting next month. (bit.ly/1Enp04H)

** The latest in a series of proposed Canadian class-action suits over potentially deadly airbags was launched Thursday, this one over those installed in Chrysler vehicles. The lawsuits claim Japan-based Takata Corp and its U.S. subsidiary negligently designed and manufactured "life-threatening and dangerous" bag inflators that were installed in millions of vehicles. (bit.ly/1AoHYN2)

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