🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

PRESS DIGEST- Canada- May 25

Published 2017-05-25, 06:29 a/m
© Reuters.  PRESS DIGEST- Canada- May 25
BMO
-
KMI
-

May 25 (Reuters) - The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** A key member of the U.S. Federal Reserve warned against destroying trading partnerships between the U.S., Canada and Mexico and said it would eliminate jobs and hurt his country's competitiveness.

** Kinder Morgan Inc (NYSE:KMI) KMI.N and its bankers have tempered their hopes for pricing a $1.75 billion initial public offering of shares in the pipeline company's Canadian unit. Kinder Morgan Canada has priced the shares at $17 apiece, down from a previously expected range of $19 to $22, according to a source familiar with the issue.

** Metrolinx is going back to court over a controversial $770 million light rail vehicle deal with Bombardier Transportation, questioning a key part of the judge's decision that preserved the contract.

** The number of people who died of opioid overdoses in Ontario jumped 11 per cent in the first six months of 2016, according to new figures showing that the epidemic is rapidly moving east from Western Canada.

NATIONAL POST

** The Bank of Montreal BMO.TO is starting to see "early indications" that Toronto's overheated housing market is "cooling," executives said Wednesday. While the Ontario government's plan to rein in soaring house prices in Canada's biggest city is still in its early days, BMO chief financial officer Tom Flynn said there are "signs that their policies might have the desired effect."

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.