Press Digest: Canada - May 5

Sunoco LP (Texas)

05/05/2025 14:29

May 5 (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

     Dallas-based Sunoco SUN.N made a friendly takeover bid for Parkland PKI.TO early Monday worth $9.1-billion, including debt, potentially ending the Calgary-based fuel distributor's boardroom battle with its largest shareholder.

The federal government is implementing a new online payment regime for duties and taxes on commercial goods entering Canada. Known as CARM, which stands for Canada Border Service Agency Assessment and Revenue Management.

Prime Minister Mark Carney has pledged $25 billion in loans and $1 billion in equity financing for factory-built housing firms, alongside bulk federal orders to boost the nascent industry.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))