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PRESS DIGEST-Canada - Dec. 9

Published 2020-12-09, 07:20 a/m
© Reuters.

Dec 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

** Hydro-Québec is launching a new subsidiary that specializes in energy storage systems in a bid to help speed up development of renewable power and commercialize technology it has developed over four decades. https://tgam.ca/3mZMlbH

** Whitecap Resources Inc WCP.TO is buying Torc Oil & Gas Ltd TOG.TO in a C$565 million ($441.99 million) all-stock deal to beef up oil production in Saskatchewan and Alberta regions where it has major operations. https://tgam.ca/36ZLt11

** The battle to buy British security company G4S (CSE:G4S) Plc GFS.L is escalating with U.S. giant Allied Universal Security Services LLC submitting a formal takeover bid supported by the target's board of directors, diminishing Montreal-based rival GardaWorld's chances of success. https://tgam.ca/36Ze86o

** Air Canada AC.TO is cutting more routes in Atlantic Canada and warning of station shutdowns, moves the region's airports say will further isolate the region's people and force the shutdown of airports. https://tgam.ca/3gvkmhj

NATIONAL POST

** The U.S. is threatening trade action against Canada after U.S. politicians and industry groups complained Ottawa was not making good on its promise to loosen restrictions on dairy imports. https:// Enbridge Inc ENB.TO says it will need to be paid a higher "risk premium" to undertake major, capital intensive crude oil pipelines in future. https:// = 1.2783 Canadian dollars)

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