May 22, 2015 / 12:23 PM / 3 years ago

PRESS DIGEST- Canada-May 22

May 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Valeant Pharmaceuticals International Inc says it will expand its presence in Canada over coming years as the serial acquirer becomes an increasingly weighty presence on the country's benchmark equity index. (

** BlackBerry Ltd Chief Executive Officer John Chen saw a dramatic drop in his pay package for fiscal 2015. Chen's total compensation for fiscal 2015 was $3.4 million, compared with $85.8 million in the previous year, according to the company's regulatory filing ahead of the annual shareholders' meeting next month. (

** The latest in a series of proposed Canadian class-action suits over potentially deadly airbags was launched Thursday, this one over those installed in Chrysler vehicles. The lawsuits claim Japan-based Takata Corp and its U.S. subsidiary negligently designed and manufactured "life-threatening and dangerous" bag inflators that were installed in millions of vehicles. (


** Waterloo-based software company Open Text Corp plunging share price Thursday puts it in good company with competitors, who have also been challenged by the transition to cloud computing. (

** Quebec Premier Philippe Couillard is about to cut funding to his predecessor, Jean Charest. According to information obtained by the Canadian Press through Quebec’s access-to-information law, Charest has billed the province for large sums of money since leaving public office, for a total of C$368,566 ($301,757.00) when all transportation costs, office rent and contracts to hire personnel are added up.

Clearly uncomfortable with the situation in the current context of budget-cutting, Couillard maintained on Wednesday that he had asked the secretary general of the government to re-evaluate different privileges offered to former premiers as soon as he entered office last year. Nevertheless, one year later, he has not yet announced a change.(

** Alberta Premier-designate Rachel Notley isn't tipping her hand about who she will appoint to the key energy portfolio on Sunday, even amid warnings that hard-hit oil and gas companies may move future investments out of Alberta and into Saskatchewan, North Dakota or Texas. (

$1 = 1.22 Canadian dollars Compiled by Zara Mascarenhas in Bengaluru

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