Press Digest: Canada - Nov 3

Power Metals

03/11/2022 11:48

Nov 3 (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
    ** Two Vancouver-based technology firms Hootsuite and Dapper
Labs are laying off 22% and 5% of their employees on Wednesday.
Both cited macroeconomic concerns as a pressure point that led
to the cuts.
    ** The federal government announced on Wednesday that
Chinese state-owned Sinomine Rare Metals Resources Co, Chengze
Lithium International, and Zangge Mining Investment Co must sell
their stakes in Power Metals Corp  PWM.V , Lithium Chile Inc
 LITH.V , and Ultra Lithium Inc  ULT.V  respectively.
    **   The Bank of Canada is urging financial technology
companies to start preparing for a new regulatory regime that
will soon cover businesses providing services such as digital
wallets and electronic payment systems.  
    NATIONAL POST:
    ** The processing fee application Telus Corp  T.TO  filed to
the Canadian Radio-television and Telecommunications Commission
only applies to a small subsection of users and doesn't need the
telecom regulator's approval to add a credit card surcharge on
the majority of its customers, a CRTC spokesperson said.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))