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PRESS DIGEST-Canada - Oct. 28

Published 2020-10-28, 07:49 a/m
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Oct 28 (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

** Hudson's Bay Co filed a lawsuit against Oxford Properties Retail Holdings and its affiliates, claiming Oxford is in breach of its lease agreements at seven shopping malls it owns, co-owns or manages. HBC says in its statement of claim that it is not required to pay rent on those stores until the "breaches" are resolved. https://tgam.ca/3jz0E4s

** The British Columbia Securities Commission (BCSC) alleges that junior mining company First Mexican Gold Corp, its then-chief executive officer and an external consultant broke securities laws by knowingly publishing a shoddy estimate of resources on a minerals property. https://tgam.ca/3e1XsgB

NATIONAL POST

** Cenovus Energy Inc CVE.TO AND Husky Energy Inc HSE.TO announced a 20% to 25% headcount reduction on Tuesday. About 2,150 workers are set to lose their jobs, mostly in Calgary, where the local unemployment is already elevated at 13.1%, according to Statistics Canada, and is expected to head higher as the depressed industry embarks on a fresh round of layoffs. The province's unemployment rate of 11.7% is among the highest in Canada. https:// Tim Hortons Inc is struggling to claw its way back to pre-pandemic sales levels,blaming another tough quarter on the disappearance of morning commuters. The coffee chain had been slowly regaining ground after a massive sales decline in March due to COVID-19 restrictions, but that recovery appears to have stalled. https://

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