Press Digest: Canada - Dec 14

First Capital Real Estate Investment Trust

14/12/2022 09:19

Dec 14 (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
    - First Capital Real Estate Investment Trust  FCR_u.TO  is
asking investors to be patient as activist campaigns from two
fund managers and the real estate investment trust's (REIT)
founder set out a starkly different approach to property sales
than the strategy introduced this fall by the REIT's own
executives.
    - Shaw Communications Inc's  SJRb.TO  assertion that its
wireless business has not been profitable "doesn't stand up to
scrutiny," a lawyer for the Canadian Competition Bureau told a
hearing into Shaw's proposed 26 billion Canadian dollar ($19.20
billion) merger with Rogers Communications Inc  RCIb.TO .
    - Alberta's government-owned asset manager, AIMCo, landed
Marlene Puffer as its new chief investment officer on Tuesday,
luring her away from the top job at Canadian National Railway
Co's  CNR.TO  pension plan.
    NATIONAL POST
    - In a year-end interview with The Canadian Press on Monday,
Canadian Prime Minister Justin Trudeau said he's not willing to
kick healthcare reform down the road any further, even as
provincial premiers clamour for more federal funds to bolster
their ailing health systems.
    - In his latest annual report, taxpayers' Ombudsperson
Francois Boileau recommended that the Canada Revenue Agency make
it clear to Canadians applying for benefits about the risk of
potential clawbacks to other income supports, including that
increase in their income could affect other benefits they
receive, including provincial benefits.
($1 = 1.3544 Canadian dollars)
 (Compiled by Bengaluru newsroom)
(( globalnewsmonitoring@thomsonreuters.com)