Press Digest: Canada - July 16

Corus Entertainment

16/07/2024 11:38

July 16 (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
    ** Canadian Natural Resources  CNQ.TO  has been fined
$278,000 for a major environmental infraction that killed birds
and endangered coyotes and wolves near its Horizon oil sands
mining operation in Northern Alberta.

    ** The sale of Stelco Holdings  STLC.TO  to U.S. steelmaker
Cleveland-Cliffs  CLF.N  represents a windfall for CEO Alan
Kestenbaum, who will receive nearly $647 million for his stake
in the Hamilton-based company – including nearly $40-million
from a stock award the company granted him last year.

    ** Corus Entertainment  CJRb.TO  has until September 1 to
negotiate some form of debt relief with its lenders, else the
company may not be able to meet its debt commitments.

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