July 12, 2018 / 12:24 PM / 2 years ago

PRESS DIGEST -Canada - July 12

July 12 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** The entire board of Hydro One Ltd is resigning and Chief Executive Officer Mayo Schmidt has announced his immediate retirement, succumbing to pressure from Ontario Premier Doug Ford for new leadership at the electrical utility. (tgam.ca/2JfV8l4)

** The companies building the Eglinton Crosstown in Toronto, Canada's biggest transit project, have gone to court seeking more time and money to finish the already delayed light-rail line. (tgam.ca/2uy8UKD)

** BCE Inc is hiking wireless prices in Manitoba before a potential competitor launches, raising questions about the state of competition in the province little over a year after Ottawa approved the purchase of regional provider Manitoba Telecom Services Inc. (tgam.ca/2L8g1jW)


** Porter Airlines Inc on Wednesday said it will offer a basic fare on certain routes that feature a lower price, while charging for additional service options, including checked luggage and advance seat selection — similar to the strategy at ultra-low-cost carriers. (bit.ly/2maAQjF)

** Rents for condominiums in the Toronto area sky rocketed in the second quarter amid a slump in leasing activity and a severe lack of supply. Average rents rose 11.2 per cent in the second quarter compared to the same period last year, according to Urbanation Inc, a firm that collects and analyzes data on the Toronto condo market. (bit.ly/2JdxsO1)

Compiled by Bengaluru newsroom

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