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PRESS DIGEST-Canada - May 3

Published 2021-05-03, 07:31 a/m
© Reuters.

May 3 (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

** Cosmetics retailer Sephora is planning to open nearly 50 stores in Canada in the next two to three years, increasing its bricks-and-mortar presence in this country by roughly 60 per cent. https://tgam.ca/3uaeBvE

** Wealthsimple Technologies Inc is closing in on a landmark financing deal, backed by some of Silicon Valley's leading venture funds, which will make the Toronto-based online bank challenger one of Canada's most highly valued private technology companies. https://tgam.ca/2RfHxUu

** U.S. home builders are urging the Joe Biden administration to negotiate a new softwood deal with Canada after lumber costs for a single-family house tripled over the past year to nearly $53,000. https://tgam.ca/2Rn7yB7

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