Press Digest: Canada - July 5

Tricon Residential

05/07/2018 12:57

July 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
    ** Tricon Capital Group Inc  TCN.TO  has teamed up with an
American state pension fund and a sovereign wealth fund on a
joint venture that will acquire up to $2 billion real estate,
mostly in the United States Sun Belt. https://tgam.ca/2m02QXr
    
    ** Rising energy prices are expected to breathe some life
into the market for initial public offerings, after political
uncertainty weighed on executives and made for a sluggish start
to the year. https://tgam.ca/2lRJAuW
                
    ** Home Hardware Stores Ltd CEO Terry Davis is retiring
after taking part in the company's latest five-year plan, which
outlined how the home improvement retailer will move into the
e-commerce market to stay competitive. https://tgam.ca/2lYCdBP
       
    NATIONAL POST
    ** Enbridge Inc  ENB.TO  announced Wednesday it would sell
its Canadian natural gas gathering pipelines and processing
facilities to Toronto-based Brookfield Infrastructure Partners
LP  BIP.N  and its institutional partners for C$4.3 billion 
($3.27 billion. http://bit.ly/2lUTETR
    
    ** HSBC Bank Canada  HSB_pc.TO , a subsidiary of HSBC
Holdings PLC  HSBA.L  is looking at plunging even deeper into
Canada's retail banking scene following its successful blitz on
the mortgage market. http://bit.ly/2lXjozg
            
    ** Tariffs on United States auto imports would severely
restrict Canadian auto production and could cause a one per cent
hit to Canada's economy, a once-remote possibility that is
increasingly likely as U.S. President Donald Trump makes good on
trade threats, according to CIBC Capital Markets. http://bit.ly/2lWQxeo


($1 = 1.3149 Canadian dollars)

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