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CWB - Canadian Western Bank News Story

C$27.21 -0.2  -0.8%

Last Trade - 18/09/20

Sector
Financials
Size
Mid Cap
Market Cap £1.39bn
Enterprise Value £3.23bn
Revenue £517.0m
Position in Universe 162nd / 2689

PRESS DIGEST- Canada - May 4

Wed 4th May, 2016 11:32am
May 4 (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 Veterans Affairs Minister Kent Hehr says members 
of the military with mental-health issues should not fear they 
will be automatically discharged when they step forward for 
treatment. (http://bit.ly/21w1oc4) 
     
    ** Agriculture Minister Lawrence MacAulay promised on 
Tuesday to consult with farmers and processors in the coming 
weeks to deal with the problem of so-called diafiltered milk, 
triggering a potential trade showdown with the United States. (http://bit.ly/21w1uR1) 
                 
    ** The entire 80,000-strong population of Fort McMurray was 
ordered to leave everything behind and evacuate quickly as an 
out-of-control wildfire veered into the city on Tuesday with 
little warning, creating the largest fire evacuation in 
Alberta's history. (http://bit.ly/21w1RLk) 
        
    NATIONAL POST 
    ** Gregory Wiebe, a senior partner in the global accounting 
giant KPMG, who has been accused of being behind a tax avoidance 
scheme in the Isle of Man, says a lot of international tax rules 
"are broken" - and they need to be fixed. (http://bit.ly/21w2g0p) 
     
    ** Bombardier Inc's  BBDb.TO  decision to curtail production 
of its largest business jets one year ago appears to be paying 
off, with the aircraft holding significantly more of their value 
than the competition. (http://bit.ly/21w2wfM) 
             
    ** A dramatic increase in expected energy-related loan 
losses at Canadian Western Bank  CWB.TO  has reignited concerns 
that the effects of the energy downturn are just beginning to be 
felt by the country's biggest lenders. In a pre-announcement 
before second quarter financial results are released later this 
month, the Edmonton-based bank said it will record C$33 million  
($26 million) of provisions for credit losses on its oil and gas 
production portfolio. (http://bit.ly/21w2TqH) 
 
 
($1 = 1.2765 Canadian dollars) 
 
 (Compiled by Ismail Shakil in Bengaluru) 
 ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 3538; Reuters Messaging: 
ismail.shakil.thomsonreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST CANADA/
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