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PRESS DIGEST- Canada - May 15

Published 2018-05-15, 07:32 a/m
PRESS DIGEST- Canada - May 15
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May 15 (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

** Ten U.S. senators are seeking to place a temporary freeze on American duties against Canadian newsprint, saying the trade dispute needs further study. (https://tgam.ca/2rJNIjm)

** After half a century under Desmarais-family control, Power Corp of Canada POW.TO wants investors to know it isn't running out of steam - in fact, it's planning a multi-billion-dollar spending spree. (https://tgam.ca/2rIuA5e)

** H&R real estate investment trust has reached a deal to sell 63 U.S. retail properties for $633 million, slashing its exposure to the retail sector across dozens of American cities. (https://tgam.ca/2rKOvQQ)

NATIONAL POST

** Canada has slipped in its global ranking for innovation, falling back three spots compared to last year as business investment levels slumped, according to a new report.

Aurora Cannabis Inc ACB.TO, the hungriest M&A player in the Canadian marijuana space, continued its shopping spree on Monday, announcing plans to acquire rival MedReleaf Corp LEAF.TO for an estimated C$3.2 billion ($2.50 billion), all in stock.

($1 = 1.2820 Canadian dollars)

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