May 8, 2019 / 12:04 PM / a year ago

PRESS DIGEST- Canada- May 8

May 8 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Bombardier Inc deliberately inflated its cost estimates to gain an unjustified payment of about $60 million from South Africa's state-owned freight company Transnet, a senior official said at a public inquiry into state corruption on Tuesday.

** SNC-Lavalin Group Inc told investors it is considering breaking up the company by spinning out some businesses before its criminal case ever gets to trial, a move that could include carving out British unit WS Atkins.

** Bank of Nova Scotia said it is shuffling top executives in retail banking and wealth management as the company establishes its expanded wealth business as a stand-alone division.


** Canadian farmers will carry an "all-time record high" stock of unsold canola into the next season as slumping exports and Chinese trade tensions weigh on the already beleaguered agricultural sector.

** Singapore-based PSA International Pte Ltd has reached a deal to acquire the Halterm terminal in Halifax from Australian-based Macquarie Infrastructure Partners, the company confirmed in a brief email statement.

Compiled by Bengaluru newsroom

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