Press Digest: Canada - Aug 26

Sagicor Financial

26/08/2022 12:15

Aug 26 (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
    ** Open Text Corp  OTEX.TO  on Thursday said it would buy
the British software company Micro Focus International Plc
 MCRO.L  for about $2.1 billion, in a deal that will total
nearly $6-billion when Micro Focus' debt is included. https://tgam.ca/3R5gNQo
    
    ** The United Food and Commercial Workers, one of Canada's
most prominent private-sector unions, worked closely with
representatives from Uber Technologies Inc  UBER.N  to ensure
that app-based drivers and delivery workers in Ontario would not
be granted employee status – a change that would have expanded
their pay and benefits. https://tgam.ca/3wxkSVD
                
    ** Barbados-based wealth manager Sagicor Financial Co
 SFC.TO  has stepped into the Canadian marketplace for the first
time with the C$325 million purchase of Toronto-based life
insurer Ivari from U.S.-based Wilton Re Finance Llc  WRFL.UL . https://tgam.ca/3RfmV8H
       
    NATIONAL POST
    ** Job vacancies set a new record in June, indicating that a
tight labour market remains a source of inflationary pressure,
as employers were actively recruiting for more than one million
vacant positions for the third consecutive month. https://bit.ly/3Kmti7I
 
    
    

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