Press Digest: Canada - Jan. 7

CannTrust Holdings

07/01/2022 11:36

Jan 7 (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

    ** Beleaguered cannabis producer CannTrust Holdings Inc
 CNTTQ.PK  is facing severe liquidity issues and might be
shutting down its business entirely in the near term if it fails
to find new investors or strategic partners imminently. https://tgam.ca/3F7ZPdw
    
    ** One of British Columbia's most valuable private tech
companies, Clio, has hired former top Silicon Valley investment
banker Curt Sigfstead from fellow Canadian "unicorn" Clearco to
be its chief financial officer ahead of an expected initial
public offering next year. https://tgam.ca/3q24F7I
    
    NATIONAL POST
    ** Two of Canada's most expensive housing markets hit
records in 2021 as the pandemic housing frenzy continued and
tight supply sparked bidding wars. A record 121,712 homes were
sold in Toronto, up 7.7% from the previous high in 2016, the
Toronto Regional Real Estate Board said. https://bit.ly/3JQYYla
    
    ** Canada's trade surplus widened for a sixth straight month
in November, easing worries around the economic impact of the
British Columbia floods, and Omicron surge. The gap between the
value of exports and imports was $3.1 billion in November, the
largest in 13 years, Statistics Canada reported on Jan 6. https://bit.ly/3t5JNyp


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