Company News

PRESS DIGEST- Canada- July 16

July 16 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Health Canada's investigation into CannTrust Holdings Inc and other coming-of-age issues in the domestic cannabis industry are becoming roadblocks to legalization of recreational marijuana in the U.S. market, according to industry experts, jeopardizing the growth plans at many Canadian companies.

** Aimia Inc directors and its largest shareholder are at odds over who will determine the company's future, nearly one year after it agreed to sell the Aeroplan loyalty program to a group led by Air Canada.

** Government of Ontario has written off a C$445 million ($340.94 million) loan that was given to Chrysler during the 2009 global financial crisis, citing a lack of legal recourse to recoup the funds.


** The World Bank's International Centre for the Settlement of Investment Disputes has ordered the Islamic Republic of Pakistan to pay $5.83 billion to a Barrick Gold Corp joint venture subsidiary for blocking a mining project nearly a decade ago. ($1 = 1.3052 Canadian dollars) (Compiled by Bengaluru newsroom)