June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

PRESS DIGEST- Canada - March 23

Published 2017-03-23, 07:21 a/m
© Reuters.  PRESS DIGEST- Canada - March 23
SHLDQ
-
WPM
-
TCW
-
FRC
-
SCC
-
FRII
-

March 23 (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

** Finance Minister Bill Morneau has put off tax hikes on wealthier Canadians, delivering a budget Wednesday that promises new money for job training, child care and social housing but offers no plan to improve the country's debt outlook.

** The Asian Infrastructure Investment Bank has made Canada a prospective member, welcoming Ottawa into an institution that marks one of China's leading efforts to take a place of global leadership.

** Mounting troubles at U.S. parent Sears Holdings Corp SHLD.O raise questions about the fate of Sears Canada Inc SCC.TO , which has also suffered from declining financial results.

NATIONAL POST

** Vancouver-based streaming company Silver Wheaton Corp SLW.TO is proposing a name change to Wheaton Precious Metals Corp as it seeks a brand that better reflects the increasingly large contribution gold is making to its bottom line.

Trican Well Service Ltd TCW.TO said it would issue new shares to buy fracking competitor Canyon Services Group Inc FRC.TO for C$637 million ($478 million) Wednesday even though both companies have oilfield service equipment sitting idle.

Restaurant chain Freshii Inc FRII.TO posted strong sales at locations open for more than a year in its first quarter as a public company as it pursues an aggressive global expansion plan. ($1 = 1.3320 Canadian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.