Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

PRESS DIGEST- Canada - July 5

Published 2018-07-05, 07:57 a/m
© Reuters.  PRESS DIGEST- Canada - July 5

July 5 (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

** Tricon Capital Group Inc TCN.TO has teamed up with an American state pension fund and a sovereign wealth fund on a joint venture that will acquire up to $2 billion in real estate, mostly in the United States Sun Belt. https://tgam.ca/2m02QXr

** Rising energy prices are expected to breathe some life into the market for initial public offerings, after political uncertainty weighed on executives and made for a sluggish start to the year. https://tgam.ca/2lRJAuW

** Home Hardware Stores Ltd CEO Terry Davis is retiring after taking part in the company's latest five-year plan, which outlined how the home improvement retailer will move into the e-commerce market to stay competitive. https://tgam.ca/2lYCdBP

NATIONAL POST

** Enbridge Inc ENB.TO announced Wednesday it would sell its Canadian natural gas gathering pipelines and processing facilities to Toronto-based Brookfield Infrastructure Partners LP BIP.N and its institutional partners for C$4.3 billion ($3.27 billion.)

HSBC Bank Canada HSB_pc.TO, a subsidiary of HSBC Holdings PLC HSBA.L is looking at plunging even deeper into Canada's retail banking scene following its successful blitz on the mortgage market.

Tariffs on United States auto imports would severely restrict Canadian auto production and could cause a one per cent hit to Canada's economy, a once-remote possibility that is increasingly likely as U.S. President Donald Trump makes good on trade threats, according to CIBC Capital Markets.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

($1 = 1.3149 Canadian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.