PRESS DIGEST- Canada - July 28

Tue Jul 28, 2015 7:23am EDT
 
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July 28 (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

** Veteran corporate director James Baillie has resigned from the board of Home Capital Group Inc, just days before the company is expected to shed light on the sudden drop in its new mortgage business in the second quarter of the year. The company said it plans to announce a new director in the third quarter of the year. (bit.ly/1ewg0EZ)

** TransAlta Corp deliberately timed outages at power plants in Alberta at peak times in order to drive up electricity prices, the province's utilities commission said in a ruling on Monday. The Alberta Utilities Commission launched an investigation after the market surveillance administrator alleged that the company manipulated the electricity market. (bit.ly/1GXCzct)

** Flight simulator manufacturer CAE Inc is selling its mining division, the Montreal-based company said on Monday. It said Constellation Software Inc has acquired its CAE Mining unit for an undisclosed amount. (bit.ly/1h29rMc)   Continued...