June 7, 2017 / 11:18 AM / a year ago

PRESS DIGEST- Canada- June 7

June 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Marijuana financier Cannabis Wheaton Income Corp hired a new investment dealer on Tuesday to raise C$50 million ($37 million) for the company, resurrecting a much-watched deal that features the company's lawyer and former bankers as significant personal shareholders. (tgam.ca/2rL4VIG)

** Guelph, Ontario-based Canadian Solar Inc is facing the threat of American trade action against its Asian manufacturing operations as the global solar-energy industry struggles with tough competition and plummeting costs. (tgam.ca/2rUcQph)

** Royal Dutch Shell Plc has largely exited the oil sands but remains committed to the country through other operations, including shale development in Alberta and British Columbia – where a C$1 billion investment was made in 2016 and another C$1 billion is coming this year – the multinational energy firm's Canadian president says. (tgam.ca/2s3kUVm)


** Lawyers and doctors of Michael DeGroote, one of Canada's wealthiest businessmen and most generous philanthropists, say he is mentally unfit and no longer capable of representing himself in court. (bit.ly/2qZKkTI)

** Petrochemical producers are calling for more custom-tailored incentive policies to drive investment in Canadian megaprojects, as projected demand for plastics and chemicals derived from oil and gas continues to rise. (bit.ly/2r4FUq4)

** Shell Canada Ltd will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company's transition to produce less oil and more energy from natural gas, renewables and chemicals. (bit.ly/2sScmND) ($1 = C$1.35) (Compiled by Bengaluru newsroom)

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