March 28, 2017 / 10:59 AM / a year ago

PRESS DIGEST- Canada - March 28

March 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.


** Mortgage lender Home Capital Group Inc it had terminated the employment of its CEO and appointed a temporary replacement. Martin Reid, who had been with Home Capital for a decade, will leave immediately and no longer serve on any of boards of directors of the firm or its subsidiaries.

** Hong Kong-based O-Net Communications announced that Prime Minister Justin Trudeau's cabinet had given it the green light to acquire ITF Technologies, a leader in fibre-laser technology.

** At least two of Canada's largest banks, Bank of Nova Scotia and Toronto-Dominion Bank, audited their own sales practices last year, taking extra measures after a damaging sales scandal engulfed U.S.-based Wells Fargo & Co .

** Savanna Energy Services Corp's shares fell on Monday after investors holding more than half the company's stock tendered to Total Energy Services Inc's C$225 million ($167.96 million) hostile offer, all but sealing a takeover battle for the oil-field services provider.


** Publicly traded medical marijuana companies got a bounce Monday after news reports provided clarity on the federal government's plan for marijuana, suggesting it will be legal for pot smokers in time to celebrate Canada Day next year.

** With only a few months left at the helm of the Canadian Radio-television and Telecommunications Commission, chairman Jean-Pierre Blais lamented the absence of indigenous commissioners at the regulator as it kicked off a public hearing for aboriginal radio stations on Monday. ($1 = 1.3396 Canadian dollars) (Compiled by Shalini Nagarajan in Bengaluru)

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