Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

PRESS DIGEST- Canada- May 9

Published 2018-05-09, 06:35 a/m
© Reuters.  PRESS DIGEST- Canada- May 9
SHEL
-
AIM
-
CM
-
CNQ
-
QBRb
-
WJA
-

May 9 (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

** WestJet Airlines Ltd WJA.TO pilots have not even completed a strike vote yet, but the possibility of a labour disruption in less than two weeks has caused a drop in bookings, chief executive officer Ed Sims says. https://tgam.ca/2rusyGq

** Royal Dutch Shell Plc RDSa.L and its banks have cashed in on one of precious few opportunities to unload a mountain of Canadian energy shares at a tidy profit. Shell's C$4.3 billion ($3.33 billion) secondary offering of Canadian Natural Resources Ltd CNQ.TO stock was said on Tuesday to be placed mostly with institutional investors. https://tgam.ca/2jJPXzh

** With investors fretting about its future, Aimia Inc AIM.TO, the parent company of the popular Aeroplan rewards program, has quickly named Jeremy Rabe as new chief executive to cap off a tumultuous year. https://tgam.ca/2jHsWwX

NATIONAL POST

** Cannabis sales could soon eclipse hard liquor sales in Canada, according to a new report by The Canadian Imperial Bank of Commerce CM.TO analysts, with provincial governments, rather than private companies, expected to reap the most benefit. Quebecor Inc QBRb.TO Chief Executive Pierre Karl Peladeau said on Tuesday his company will have "complete control over (its) destiny" after signing a C$1.69 billion deal to buy back the final chunk of its main subsidiary from the province's largest pension fund. ($1 = C$1.29)

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.