PRESS DIGEST- Canada-March 7

Published 2018-03-07, 05:56 a/m
PRESS DIGEST- Canada-March 7

March 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** One of Canada's emerging technology companies, ecobee Inc, has raised C$80 million ($61.88 million) in a venture financing to continue growing its smart thermostat business –and expects to raise roughly C$50 million more within the next two months to fund its goal of reaching C$1 billion in sales by2020. https://tgam.ca/2HaqIjx

** Advocates for gender equity praised Ontario legislation that will require greater transparency of salaries and other new rules as a necessary step toward closing the stubbornly large wage gap between women and men. The legislation introduced onTuesday will require companies in Canada to include the salary or salary range in public job postings and bar employers from asking potential hires about their previous remuneration. https://tgam.ca/2FnGkj6

NATIONAL POST

** Home sales in the Greater Toronto Area plunged 34.9 percent in February compared to the same month a year ago as buyers adjusted to new mortgage rules and government policy interventions, the Toronto Real Estate Board said.

Canada would be entitled to trade retaliation measures of $3.2 billion if U.S. President Donald Trump's proposed tariffs on steel and aluminum are found to have violated World TradeOrganization rules, according to a report from the Washington-based Peterson Institute for International Economics. = 1.29 Canadian dollars)

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