Company News

PRESS DIGEST- Canada-April 25

April 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** National Bank of Canada Chief Executive Officer Louis Vachon says that engineering firm SNC-Lavalin Group Inc has paid the price for wrongdoing committed by former employees and deserves a negotiated settlement to avoid a trial on criminal charges. National Bank of Canada is one of the principal lenders of the group.

** Royal Bank of Canada is issuing its first-ever green bond, a €500-million ($556.40 million)five-year debt offering that will primarily be used to fund renewable-energy projects and sustainable buildings.

** Canadian dairy giant Saputo Inc has had its credit rating cut by Credit-rating agency DBRS after completing its acquisition of United Kingdom-based Dairy Crest Group plc . It downgraded both the company's rating and that of Saputo’s senior unsecured notes to BBB (high) from A (low).


** Bank of Canada published a revised outlook on Wednesday, Governor Stephen Poloz and his deputies left the benchmark interest rate unchanged at 1.75 percent and erased any suggestion that interest rates could rise in the foreseeable future.

$1 = 0.8986 euros Compiled by Bengaluru newsroom