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PRESS DIGEST- Canada- August 17

Published 2017-08-17, 06:49 a/m
Updated 2017-08-17, 06:50 a/m
© Reuters.  PRESS DIGEST- Canada- August 17

Aug 17 (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

Fidelity Investments Canada ULC is gearing up to enter the crowded market for exchange-traded funds, with the company on the hunt for an executive to develop ETFs to sell in this country.

The Saudi Arabian government is defending the recent deployment of Canadian-made armoured vehicles against residents of the kingdom's eastern province, saying security forces found it necessary to use "military equipment" to fight terrorists who threatened the safety of its population.

The federal government has pledged more than C$21 million ($21.00 million) in humanitarian assistance to help respond to an unprecedented famine in Yemen and parts of Africa, matching donations made by Canadians to registered charities earlier this year.

NATIONAL POST

The executive chairman of Sears Canada Inc SRSCQ.PK , Brandon Stranzl, has stepped down in order to focus on making a bid for the insolvent retailer, currently operating under court protection.

Chain Loblaw Companies Ltd L.TO and Canadian Imperial Bank of Commerce CM.TO have terminated their 19-year President's Choice Financial partnership as the bank unveiled its own digital brand on Wednesday. ($1 = $1.00)

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