November 12, 2018 / 11:15 AM / a year ago

PRESS DIGEST - Canada - Nov 12

Nov 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.


** Montreal software firm Lightspeed POS Inc is gearing up for an initial public offering, with the firm selecting banks to lead the deal and adding new directors with experience inside publicly-traded technology companies.

** The federal government is set to start handing out the C$950 million ($719.5 million) earmarked for its "superclusters" initiative after reaching funding agreements with five non-profit groups charged with administering its flagship innovation-underwriting initiative.


** The Supreme Court of Canada cleared the way for the creation of the Cooperative Capital Markets Regulatory System to govern the country's capital markets. The court ruled that the draft legislation to create the regulator did not exceed Ottawa's authority, trumping an earlier Quebec court ruling that was appealed by Ottawa, as well as the provinces of British Columbia and Quebec.

$1 = 1.3204 Canadian dollars Compiled by Bengaluru newsroom

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