PRESS DIGEST-Canada - Dec 19

Reuters20:00
PRESS DIGEST-Canada - Dec 19

Dec 19 (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

** Canadian Prime Minister Mark Carney said he does not expect a quick deal with Washington to lift U.S. tariffs on steel, aluminum, autos and other goods, adding the issue will likely be folded into an upcoming review of the North American trade pact.

** Elliott Management's $1 billion bet on Lululemon LULU.O and a potential CEO candidate have sparked hopes for a quicker turnaround at the athleisure wear maker that is looking to revive its "cool factor" and draw shoppers back.

** Canada's federal government will redirect nearly $1 billion in surplus public-service pension funds into general revenues, a move permitted under law but condemned by unions, officials said.

** Canadian Prime Minister Mark Carney warned that U.S. access to Canada's critical minerals is not guaranteed, as he unveiled a deal with Ontario to speed up approvals for mines and major projects, including in the province's remote Ring of Fire region.

NATIONAL POST

** Canada's largest public service union, the Public Service Alliance of Canada (PSAC), is facing at least three separate lawsuits from sidelined regional executives, including two suspended for opposing its 2023 tentative labour deal, court records show.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment