July 24 (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
** Encana Corp ECA.TO is expected to announce staff cuts
on Friday along with sharply weaker financial results as the
company copes with the extended skid in oil prices. The cuts
affect "a little over 200" staff, according to an internal memo
from Chief Executive Doug Suttles, issued late Thursday. (http://bit.ly/1Imjztk)
** Loblaw Companies Ltd L.TO will close 52 unprofitable
stores over the next year as it prepares to sacrifice sales for
a better bottom line after its 2014 takeover of Shoppers Drug
Mart, the country's largest grocer said on Thursday. (http://bit.ly/1JClnet)
** AGF Management Ltd AGFb.TO is parting ways with the
head of its retail mutual fund business, marking the first major
personnel shakeup at the company since appointing a new chief
investment officer. Gordon Forrester is leaving the firm in less
than two weeks, according to an internal memo sent to employees.
(http://bit.ly/1JClDKj)
NATIONAL POST
** Acasta Enterprises Inc, on Thursday, filed a final
prospectus for its initial public offering, a transaction that
raised $350 million via the sale of units. (http://bit.ly/1JClPcK)
** The war between taxi drivers and Uber Technologies Inc
shows no signs of abating as a class-action lawsuit was launched
against the company on the same day that its controversial UberX
service expanded to four more Canadian cities. The lawsuit seeks
$400 million in compensatory damages, $10 million in punitive
damages and an injunction prohibiting UberX from continuing to
operate in Ontario. (http://bit.ly/1JClYN8)
** Despite posting a large quarterly loss on sharply reduced
demand for its services, Precision Drilling Corp PD.TO , one of
Canada's largest oil and gas drilling companies, boosted its
capital spending plans Thursday. Precision announced it was
boosting its capital budget to $546 million for 2015, up from
the $506 million the company had planned to spend. (http://bit.ly/1JCmieK)