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PRESS DIGEST- Canada- April 5

Published 2018-04-05, 08:06 a/m
© Reuters.  PRESS DIGEST- Canada- April 5
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April 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

** Canadian construction giant Aecon Group Inc ARE.TO would be prevented from working on the new Gordie Howe International Bridge connecting Windsor and Detroit if it's acquired by Chinese state-owned firm China Communications Construction Co Ltd, which is currently seeking Ottawa's approval for a takeover. https://tgam.ca/2GZLshC

** More than 622,000 Canadian Facebook FB.O users − and 87 million people across the globe − may have had their personal information improperly shared with UK-based political consulting firm Cambridge Analytica, the social media giant said on Wednesday. https://tgam.ca/2GUQBHA

** Canadian Imperial Bank of Commerce CM.TO has filed paperwork to list its Caribbean banking subsidiary on United States stock markets, signaling a desire to pull back from a region that has proven challenging for banks. https://tgam.ca/2GXb66h

NATIONAL POST

** Houston-based oil company ConocoPhillips (NYSE:COP) COP.N announced this week it had sold off multiple land packages in Permian basin, Texas, for $250 million and bought 35,000 acres of land in the Montney play in northern Alberta and British Colombia for $120 million.

Despite outstanding obstacles in ongoing NAFTA negotiations, including Canada's dairy supply management system, the U.S. Ambassador to Canada said Wednesday that the U.S. is confident a modernized version of the agreement will be reached soon.

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