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PRESS DIGEST - Canada - June 19

Published 19/06/2018, 08:18 pm
© Reuters.  PRESS DIGEST - Canada - June 19

June 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

** Baytex Energy Corp BTE.TO is buying rival oil producer Raging River Exploration Inc RRX.TO for about C$1.4 billion ($1.06 billion) in an all-stock deal that bolsters the buyer's debt position while adding a new exploration area. (https://tgam.ca/2lhg7dF)

** Senior lawmakers on U.S. intelligence committees are warning the Trudeau government that Chinese smartphone maker Huawei – which has turned Canada into a key research centre for next-generation mobile technology – is a national-security threat to a network of Canada's allies. (https://tgam.ca/2tiowkH)

** RioCan Real Estate Investment Trust REI_u.TO is shuffling its management team as one of Canada's largest real estate investment trusts grooms senior vice-president Jonathan Gitlin as a potential successor for 71-year old founder and Chief Executive Officer Ed Sonshine. (https://tgam.ca/2lgRbCU)

** Tim Hortons franchisees are rescheduling their public protest over management's decision to revoke the licence of a restaurant owner who was critical of the company following failed talks over the matter. (https://tgam.ca/2lldFmy)

NATIONAL POST

** U.S. tariffs on auto imports would permanently reduce Canada's long-term economic capacity, a new TD Economics report says, but the most significant harm would be concentrated in Ontario, where one in five jobs in the manufacturing sector would be at risk. In one of the largest mining deals this year, the board of directors of Arizona Mining Inc AZ.TO , which is developing a zinc, lead and silver mine near the U.S.-Mexico border, agreed to a C$1.8 billion ($1.36 billion) buyout by Australia's South32 Ltd S32.AX . In a week or so, the Canadian Securities Administrators is expected to make public the submissions it received for comments it sought on soliciting dealer arrangements (SDAs). ($1 = C$1.3244)

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