Press Digest: Canada - Dec 2

Algoma Steel

02/12/2025 13:37

Dec 2 - 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

** Canadian billionaire Pierre Karl Peladeau said on Monday he has launched a battle for control of the struggling airline Transat AT TRZ.TO, calling for the ouster of its chair and a top-to-bottom review of its operations and direction.

** The pan-Canadian Pharmaceutical Alliance (pCPA), a body that represents all federal and provincial drug plans, said on Monday that it had broken off negotiations with Novo Nordisk NOVOb.CO to cover weight-loss drug Wegovy without a deal.

** Prime Minister Mark Carney on Monday tapped Marc Miller as Culture Minister in a cabinet shuffle prompted by the resignation of Steven Guilbeault late last week.

NATIONAL POST

** Canadian steelmaker Algoma Steel ASTL.TO said on Monday it would lay off 1,000 employees and close its blast furnace and coke-making operations in Ontario in early 2026 due to tariff pressures.

 (Compiled by Barcelona newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))