Company News

PRESS DIGEST- Canada-July 19

July 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.


** The board of CannTrust Holdings Inc has hired Canadian law firm McCarthy Tétrault LLP and appointed U.S. sporting goods executive Robert Marcovitch to lead a special committee that is investigating how the company illegally grew 12,700 kg of cannabis in unlicensed facilities, and who knew about it.

** Ontario bankruptcy trustee Grant Thornton LLP has launched an investigation after developer Eden housing project failed to pay millions of dollars owed to investors who financed a housing development which was completed last year.

** The interest rate used in Canada's mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner as the mortgage qualifying rate dropped to 5.19% from 5.34 %, according to new figures from the Bank of Canada.


** The Ontario Real Estate Association on Thursday called on the federal government to relax mortgage-lending laws, arguing against what they see as government-imposed barriers to home ownership. (Compiled by Bengaluru newsroom)