Company News

PRESS DIGEST- Canada - June 19

June 19 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** A coalition of environmentalists, Indigenous communities, trade unionists and civic leaders in Canada vowed on Tuesday to delay – and ultimately stop – construction of the Trans Mountain pipeline expansion.

** GMP Capital Inc's departing chief executive officer, Harris Fricker, is set to receive a roughly C$7.5 million ($5.61 million) change-of-control payment after the company's sale of its capital markets business.

** According to a new study by the Canadian Mental Health Association (CMHA), nearly half of Canadian entrepreneurs say mental-health issues interfere with their ability to work, with one-third of business owners surveyed reported feeling depressed at least once a week.

** U.S. activist investor Land & Buildings Investment Management LLC, which last year owned an estimated 3 per cent of Canada's Hudson's Bay Co shares, on Tuesday called the offer of $9.45 a share from Mr. Baker and a group of HBC majority shareholders to take the retailer private "woefully inadequate."


** The Canadian federal government has announced it is moving ahead with the Trans Mountain pipeline expansion, ending months of speculation over the development and offering some relief to the embattled oil and gas sector amid a years-long pipeline bottleneck.

** United States representatives say they are seeking an agricultural trade deal with Japan "within the next few months," a move that if it succeeds will likely wipe out the sizeable advantage enjoyed by Canadian farmers under a new Asia Pacific trade deal. ($1 = 1.3377 Canadian dollars) (Compiled by Bengaluru newsroom)