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PRESS DIGEST - Canada - July 29

Published 2020-07-29, 07:31 a/m
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July 29 (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

** Product manufacturers, food suppliers and packaged goods companies are concerned that a wave of fee increases from retailers could be on the way after Walmart (NYSE:WMT) Canada announced new fees last week to help offset C$3.5 billion ($2.62 billion) in planned investments in its stores and e-commerce network over the next five years. (https://tgam.ca/309njhl)

** A spurned rival bidder has applied to appeal a judge's decision approving NordStar Capital LP's C$60-million takeover of Torstar Corp, which is due to close on Thursday. An Ontario judge late on Monday approved NordStar's acquisition of Torstar, dismissing all of the arguments against it from competing bidder Canadian Modern Media Holdings Inc and a shareholder and former Torstar executive, Patrick Collins. (https://tgam.ca/30QU4Pr)

** The former board chair of WE Charity in Canada said she had no oversight and little in-depth knowledge of the far-flung international group of non-profits and for-profit corporations controlled by Marc and Craig Kielburger, the charity's founders. (https://tgam.ca/2P1Eg6W)

NATIONAL POST

** One of WE Charity's biggest supporters, Royal Bank of Canada, confirmed to the Financial Post on Tuesday that it is ending its long-standing affiliation with the WE organization, after spending roughly a week "reassessing" its ties to the embattled charity. (https:// Lerners LLP on Monday filed a lawsuit on behalf of hotel groups including Best Western and Hampton Inn, against Aviva (LON:AV) Insurance Co of Canada. Lerners alleged Aviva was "in breach of contract when it denied the hotels' loss of business income coverage after the federal and provincial governments declared states of emergency, restricting their business, due to the outbreak of COVID-19". (https:// ($1 = 1.3352 Canadian dollars)

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