Company News

PRESS DIGEST- Canada - July 11

July 11 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Canada's cryptocurrency exchanges will come under the purview of Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) by June 2020, bringing increased accountability to the nascent sector.

** Bombardier Inc is raising concerns about the "commercial viability" of its Thunder Bay railcar plant should it not secure new work, even as the Ontario and federal governments took turns blaming each other for impending job losses at the facility.

** Hudson's Bay Co's special board committee has hired advisers to help evaluate a C$1 billion ($766.22 million) take-private bid by the retailer's executive chairman, and it pledged to consider criticism from minority shareholders.


** The Bank of Canada on Wednesday maintained its target for the overnight rate at 1.75%, the Bank Rate is correspondingly 2% and the deposit rate is 1.5%.

** Baycrest Health Sciences, a Toronto-based geriatric hospital, fired around 150 employees for falsely claiming as much as $5 million in benefits over an eight-year period.

$1 = 1.3051 Canadian dollars Compiled by Bengaluru newsroom