Press Digest: Canada - Sept 18

Kinaxis

18/09/2024 14:34

Sept 18 (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
    - Justice Michael Penny, an Ontario Superior Court judge,
has denied a request by ex-Dye & Durham Ltd.  DND.TO  chairman
Tyler Proud to remove his nominee to the board, Edward Prittie,
and replace him with hedge fund manager Eric Shahinian at
upcoming special meeting.
    
    - Canadian software company Kinaxis Inc.  KXS.TO  has hired
investment banker Goldman Sachs for financial advice on
generating better shareholder returns after recent challenges
that have weighed on the stock.

    - Brookfield Asset Management Ltd's  BAM.TO  exploratory
proposal to launch a fund worth as much as $50 billion that
would seek to raise money from major Canadian pension funds and
from Ottawa to invest in Canadian assets was met with lukewarm
interest, sources said.    
    
    NATIONAL POST
    - Inflation slowed to two per cent in August, the slowest
increase in the consumer price index since February of 2021,
hitting the Bank of Canada’s target and increasing the odds of a
50-basis-point cut at the central bank’s next meeting in
October, according to economists.
    

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