Company News

PRESS DIGEST- Canada- Aug 20

Aug 20 (Reuters) - The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Buyout firm Catalyst Capital Group Inc has acquired 10.05% of Hudson's Bay Co giving the investment firm more leverage to block a $1 billion privatization offer from the retailer's executive chairman, Richard Baker.

** Prime Minister Trudeau acknowledged his government made mistakes in its handling of SNC-Lavalin Group Inc's request for a settlement on charges of bribery and fraud, but rejected the Conservative Party's claim that the actions may have been criminal.


** The Walt Disney Company said on Monday it will launch its streaming entertainment service Disney+ in Canada on November 12 for $8.99 per month.

** MEG Energy Corp's Chief Executive Officer Derek Evans has written a letter to the National Energy Board, Canada's pipeline regulator, to oppose Enbridge Inc's call for contracts on the Mainline pipeline network, which is Canada's largest oil pipeline system.

Compiled by Bengaluru newsroom