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PRESS DIGEST- Canada- June 7

Published 2017-06-07, 07:16 a/m
Updated 2017-06-07, 07:20 a/m
PRESS DIGEST- Canada- June 7

June 7 (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

** Marijuana financier Cannabis Wheaton Income Corp CBW.V hired a new investment dealer on Tuesday to raise C$50 million ($37 million) for the company, resurrecting a much-watched deal that features the company's lawyer and former bankers as significant personal shareholders.

** Guelph, Ontario-based Canadian Solar Inc CSIQ.O is facing the threat of American trade action against its Asian manufacturing operations as the global solar-energy industry struggles with tough competition and plummeting costs.

** Royal Dutch Shell Plc RDSa.L has largely exited the oil sands but remains committed to the country through other operations, including shale development in Alberta and British Columbia - where a C$1 billion investment was made in 2016 and another C$1 billion is coming this year - the multinational energy firm's Canadian president says.

NATIONAL POST

** Lawyers and doctors of Michael DeGroote, one of Canada's wealthiest businessmen and most generous philanthropists, say he is mentally unfit and no longer capable of representing himself in court. Petrochemical producers are calling for more custom-tailored incentive policies to drive investment in Canadian megaprojects, as projected demand for plastics and chemicals derived from oil and gas continues to rise. Shell Canada Ltd will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company's transition to produce less oil and more energy from natural gas, renewables and chemicals. ($1 = C$1.35)

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