Press Digest: Canada - Oct 4
04/10/2017 11:45
Oct 4 (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
** Progress Energy Canada Ltd, the Canadian unit of
Malaysia's Petronas Gas, has put oil and natural gas assets in
Alberta's Deep Basin exploration region up for sale after
abandoning plans for a major natural gas-export plant earlier
this year. https://tgam.ca/2xRwPIm
** Operating at a "substantial" loss, Sears Canada Inc
SRSCQ.PK is preparing for a total liquidation soon if the bid
by its executive chairman to save the insolvent retailer fails.
https://tgam.ca/2fIYErR
** Carlos Leitao, the province's Finance Minister, said he
intends to collect up to C$20 million ($16 million) per year
despite the federal deal that gave up on GST in favour of a
commitment from Netflix Inc NFLX.O to spend C$500 million on
Canadian programming over five years. https://tgam.ca/2fJILRQ
NATIONAL POST
** Square Inc SQ.N is introducing support for Interac
debit cards for businesses using its point-of-sale system and
has developed a contactless chip reader to facilitate those
transactions in Canada. http://bit.ly/2fKjdUM
** Two Home Capital Group Inc HCG.TO executives, Pino
Decina, executive vice-president of residential lending, and
Chris Whyte, executive vice-president and chief operating
officer, have left the company, with one being replaced and
another's position eliminated. http://bit.ly/2fHV1lG
** New York based WeWork Inc has secured a deal with
Amazon.com Inc AMZN.O to rent most of the shared workspace
provider's first Vancouver office, forcing it to find a second
location in the city as it continues its aggressive push into
Canada. http://bit.ly/2fJKB57
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
Keywords: PRESS DIGEST CANADA/