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PRESS DIGEST- Canada - Jan 10

Published 2017-01-10, 06:46 a/m
© Reuters.  PRESS DIGEST- Canada - Jan 10
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Jan 10 (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 GLOBE AND MAIL

** Honda Motor Co Ltd 7267.T will invest more than $408 million to upgrade its Alliston, Ontario, assembly plant, backed by grants from the federal and Ontario governments that will bring total spending on the plant to about $492 million.

** Senior executives of Ford Motor (NYSE:F) Co F.N and Fiat Chrysler Automobiles FCHA.MI issued assurances on Monday that they will go ahead with new investments in Canada, despite moves by president-elect Donald Trump to discourage manufacturers from building vehicles outside the U.S.

** After two years of deep cuts in Canada's beleaguered resource sector, Canada's commodity-linked businesses are poised to start investing in expansion in 2017, according to a Bank of Canada survey.

NATIONAL POST

** The Vancouver-based clothing company Lululemon Athletica Inc LULU.O improved its lower-end guidance estimates for fourth-quarter net revenue and profit on Monday, predicting at least $775 million of revenue, up from $765 million at from the low end of the previous estimate. Canadian REITs will see "high single digits and low double digit" growth next year, as robust demand in the East and a strong retail sector are offset by an office glut in Calgary, according to a new report from Timbercreek Asset Management.

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