Press Digest: Canada - May 24

Gildan Activewear

24/05/2024 12:03

May 24 (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 apparel maker Gildan Activewear  GIL.TO  said on
Thursday its board of directors has resigned and its CEO Vince
Tyra has stepped down to be replaced by former top boss Glenn
Chamandy.

    - Japanese trading house Sumitomo Corp  8053.T  has joined a
Calgary-based company that is pushing for Indigenous
participation in energy transition projects for a proposal to
build a carbon transport network in southern Alberta.

    - Toronto-Dominion Bank  TD.TO  is adjusting its growth
strategy in the United States, easing back on its plan to
accelerate branch openings as the lender assesses the extent of
the blow from the U.S. probe into its anti-money-laundering
procedures.

    NATIONAL POST

    - Canada Development Investment Corp and its subsidiaries
will not need authorization from the governor in council (GIC)
to conduct certain transactions of operating or divesting the
Trans Mountain pipeline system, according to Canada Gazette
notice.

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