Press Digest: Canada - Feb 16

Indigo Books and Music

16/02/2023 13:03

Feb 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
    - France's TotalEnergies  TTEF.PA  aims to spin off its oil
sands business in what could be the largest Canadian public
share listing in two years.
    - Canada's Barrick Gold Corp  ABX.TO  CEO Mark Bristow
cannot believe rival miners are contemplating expensive mergers
and acquisitions all over again, after the industry suffered
through tens of billions of dollars' worth of M&A writedowns
when the last commodity supercycle crashed.
    - Canadian Senate committee is calling for greater
parliamentary oversight of the Bank of Canada as well as
increased transparency, wading into a debate around central bank
independence at a moment of heightened political interest in
monetary policy.
    NATIONAL POST
    - Magna International Inc  MG.TO  said on Wednesday it was
investing more than $470 million to expand its operations across
Ontario, Canada, as it looks to increase its presence across the
province.
    - Canada's Indigo Books and Music Inc's  IDG.TO  e-commerce
website remains down a week after the company said it
experienced a "cybersecurity incident".
    - Intact Financial Corp's  IFC.TO  longtime chief executive
Charles Brindamour is setting an expansion path for the property
and casualty insurer that could involve the United States, but
he insists he's not out of runway in Canada yet.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))