Press Digest: Canada - August 12

Air Canada

12/08/2026 12:26

August 12 (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
** Canada’s top trade negotiator Janice Charette has warned her American counterparts that if the White House imposes new tariffs on August 19, the move would represent a “cliff” that risks halting negotiations with the U.S.
     
**  Canada's H&R Real Estate Investment Trust HR_u.TO said it had agreed to a C$6.7 billion ($4.81 billion) breakup transaction, under which GO Residential REIT GOu.TO will acquire its U.S. residential portfolio and a group including Blackstone, PSP Investments, Crestpoint and entities tied to Chief Executive Tom Hofstedter will buy other assets.
     
** Air Canada AC.TO is selling a 25% stake in its Aeroplan loyalty program for C$2.5 billion ($1.79 billion) to Blackstone Inc. BX.N and a group of Canadian pension funds, bolstering the airline’s balance sheet by allowing it to pay down debt.
     
     
     
($1 = 1.3931 Canadian dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))