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PRESS DIGEST-Canada - May 22
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PRESS DIGEST-Canada - May 22
May 22, 2024 4:42 AM

May 22 (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

- Canada-based garage door maker Garaga Inc has teamed up

with Fonds de solidarité FTQ and Quebec's investment arm,

Investissement Québec, to buy Novatech Group for more than $500

million deal, Globe and Mail reported, citing two sources

familiar with the transaction.

- Canadian oil producer Suncor Energy ( SU ) picks up steam

on a retail strategy to transform 20 percent of its network,

which includes strategies to rebrand Canadian Tire gas stations

to Petro-Canada and sell underperforming gas stations as it aims

to deliver $200 million in marginal growth by the end of 2026.

- Solaris Resources ( SLSR ) has scrapped plans to sell a

minority stake to China's Zijin Mining Group because

it feared the deal was unlikely to meet Canada's stringent

foreign- investment standards in a timely manner, the Canadian

company said on Tuesday.

NATIONAL POST

- Canada's Housing Minister Sean Fraser said he is trying to

coax big city mayors to keep development charges steady with new

federal funding after some major Canadian cities recently raised

fees for new housing construction.

(Compiled by Bengaluru newsroom)

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