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REFILE-PRESS DIGEST-Canada - Oct. 23

Published 2020-10-23, 08:26 a/m
© Reuters.
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Oct 23 (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

** The federal cabinet is deliberating a targeted bailout package for Canada's airline industry that includes offers of low interest loans and rollbacks of airport fee increases to help it cope with the fallout from the coronavirus pandemic. https://tgam.ca/31zJLjQ

** Canadian energy drink company Guru Organic Energy Corp intends to list its common shares on the Toronto Stock Exchange in early November after the completion of a reverse takeover with TSX Venture-listed Mira X Acquisition Corp., the Montreal-based beverage company said in a statement Thursday. Mira won conditional approval from the Venture exchange for the transaction and Guru won conditional approval to move up to the TSX, Guru said. https://tgam.ca/2HlBdX4

** Toronto-based Sun Life Financial Inc SLF.TO announced this week it intends to acquire a 51% stake in the Los Angeles-based credit manager Crescent Capital BDC Inc CCAP.O for up to C$450 million ($342.88 million), with an upfront payment of about C$370 million ($281.93 million) and a future payment of up to C$80 million ($60.96 million). https://tgam.ca/2HrZsTl

NATIONAL POST

** An alliance of major publishers has united to urge the federal government to effectively force tech giants like Alphabet Inc's Google GOOGL.O and Facebook Inc FB.O to pay for news content, saying Canadian publishers' survival is threatened by the firms' domination of the digital advertising market. https:// ($1 = 1.3124 Canadian dollars)

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