Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

PRESS DIGEST- Canada-Aug 2

Published 2018-08-02, 06:53 a/m
© Reuters.  PRESS DIGEST- Canada-Aug 2
AIM
-
AC
-
RY
-
H
-
STLC
-

Aug 2 (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

** Stelco Holdings Inc STLC.TO is said to benefit from the steel tariff battle between Canada and the United States since 85 per cent of the steel it makes is sold in Canada and not subject to tariffs. https://tgam.ca/2LY0wyu

** Aeroplan's parent company, Aimia Inc AIM.TO, is in partnership talks with the Oneworld airline alliance as it fends off a hostile takeover bid from Air Canada AC.TO and three financial partners. https://tgam.ca/2LTWTtv

** A Canadian federal government move to slash the scope of its planned carbon tax is drawing fire from conservatives and critics who say the cuts to the proposed levy is not enough. https://tgam.ca/2va4j2g

NATIONAL POST

** Hydro One Ltd H.TO said it has secured a long sought-after deal to buy a Central Ontario utility. It will pay C$105 million ($80.57 million) to the city of Peterborough, Ontario for the business and distribution assets of Peterborough Distribution Inc.

Royal Bank of Canada RY.TO, Canada's largest bank by market capitalization and Espresso Capital, a Canadian private fintech company have made a deal to support Canadian technology entrepreneurs.

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.