Press Digest: Canada - October 15
PRESS DIGEST-Canada - October 15 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
** Fairfax Financial Holdings FFH.TO is acquiringa 60.7% stake in India's IDBI Bank IDBI.NS for US $5.6 billion and plans to expand the bank by combining it with its 49% stake in Go Digit General Insurance GODG.NS and its holding in investment bank and wealth manager IIFL Capital Services IIFS.NS.
** Toronto-Dominion Bank TD.TO and Bank of Montreal BMO.TO are among a list of nine lenders identified by a major US banking regulator as having denied or limited access to financial services to customers due to political or religious beliefs.
** Canadian Industry Minister Mélanie Joly has warned US steelmaker Cleveland-Cliffs CLF.N, owner of Stelco, that it could face financial penalties or be forced to divest its Canadian operations if it proceeds with hundreds of layoffs in Ontario.
(Compiled by Bengaluru newsroom)