Company News

PRESS DIGEST- Canada-July 26

July 26 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** CannTrust Holdings Inc has fired Chief Executive Officer Peter Aceto "with cause" and forced the resignation of Chairman Eric Paul amid a deepening scandal over cannabis plants being grown in unlicensed rooms.

** A joint federal-Alberta review panel is recommending approval of Teck Resources Ltd's proposed Frontier oil sands mine, despite finding it would have serious environmental impact and might make it difficult for Canada to meet its climate-change commitments.

** An internal review has cleared Canada's export credit agency of wrongdoing in connection with a controversial insurance policy it provided in support of SNC-Lavalin Group Inc's work in Angola.


** At a time when Sino-Canadian diplomatic tensions run high, China's largest gold miner, Shandong Gold Group Co Ltd gathered several dozen bankers, lawyers, local mining executives and media at a downtown Toronto hotel to celebrate the company’s new Bay Street office. Board chairman Chen Yumin, who attended the event, said Toronto remains a capital of talent and finance for the mining industry. (Compiled by Bengaluru newsroom)