Company News

PRESS DIGEST- Canada-Aug 27

Aug 27 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Walmart Inc announced on Monday Horacio Barbeito has been appointed as the Chief Executive Officer and President of the company's Canada operations from October.

** Suncor Energy Inc and Shell Canada Ltd along with other oil producers, have written a letter to National Energy Board, Canada's energy regulator, to intervene in Enbridge Inc's new plan for selling space on its mainline crude oil pipeline system, calling it an abuse of market power.

** Venture-capital investment surged to its strongest first half on record, injecting C$2.15 billion($1.62 billion) into Canadian startups and scale-ups, according to a report released by Canadian Venture Capital & Private Equity Association on Tuesday.


** Royal Bank of Canada and Toronto-Dominion Bank will appear before a panel at the Ontario Securities Commission on Friday seeking to settle new allegations that their traders used confidential customer information to gain a potential advantage in foreign exchange transactions that took place between 2011 and 2013.

** Duncan Davies, the Chief Executive Officer of Canada's Interfor Corp, announced on Monday that he will step down from the position at the end of 2019. ($1 = 1.3275 Canadian dollars) (Compiled by Bengaluru newsroom)