May 10, 2019 / 11:34 AM / a year ago

PRESS DIGEST- Canada- May 10

May 10 (Reuters) - The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** The Canadian federal government is opening up the acquisition process for its $26 billion contract for new fighter jets, responding to threats from the U.S. government that it would refuse to sell the stealth Lockheed Martin Corp F-35 unless Ottawa scrapped its quota for aerospace spending.

** Quebecor Inc Chief Executive Officer Pierre Karl Péladeau confirmed on Thursday that he is weighing a bid for Montreal-based Transat AT Inc, joining several other local buyers expressing interest in the struggling holiday travel company.

** The World Bank has accused Bombardier Inc of corruption and colluding with senior officials at Azerbaijan Railways to win a 2013 contract worth $339-million in Azerbaijan.


** Canadian author Alex Tapscott and NextBlock Global Ltd have negotiated a settlement with the Ontario Securities Commission over allegations of misleading disclosure offering documents provided to more than 100 prospective investors in a private placement that raised $20-million in July 2017.

** Canadian Natural Resources Ltd's president Tim McKay sharply criticized pipeline giant Enbridge Inc's system which is currently in place for shipping oil out of Canada.

Compiled by Bengaluru newsroom

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