Press Digest: Canada - July 28

First National Financial

28/07/2025 14:06

July 28 (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

- Brookfield Asset Management BAM.TO and Birch Hill Equity Partners are acquiring a 62% stake in Canadian mortgage lender First National FN.TO for $48 per share, valuing the company at $2.9 billion, with CEO Jason Ellis set to remain in charge post-acquisition.

- Toronto-Dominion Bank TD.TO has appointed John MacIntyre as its new board chair, completing a leadership overhaul following its U.S. money laundering plea, with MacIntyre set to succeed Alan MacGibbon upon his retirement on September 1.

NATIONAL POST

- U.S. energy firms and private equity investors are increasingly exploring opportunities in Canada’s oilpatch—particularly in the Montney basin—amid rising interest in lower-cost, liquids-rich natural gas plays, though no major deals have yet materialized.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))