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PRESS DIGEST-Canada - Oct 2
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PRESS DIGEST-Canada - Oct 2
Oct 2, 2024 10:59 PM

Oct 2 (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

- Stockholm-based private equity firm Altor outbid several

rival private equity funds and sports companies to acquire CCM

from Birch Hill Equity Partners for $600 million including debt.

- Toronto-based FinTech company Koho Financial Inc. is

raising $40 million in equity and $150 million in debt to expand

the amount it lends to consumers for buy-now-pay-later financing

at e-commerce checkouts and to help boost its loan book.

- Travis Machen, who joined Bank of Nova Scotia ( BNS )

from Morgan Stanley in May as CEO, in an internal memo on

Tuesday, informed of multiple staffing changes that will result

in a dozen senior managers including Nicole Frew and Mark

Mulroney, reporting directly to him.

NATIONAL POST

- Separatist party Bloc Quebecois said it is prepared to

call for an election earlier if Liberals vote against increasing

old age pension payments for all seniors and has given the

government until Oct 29 to support the party's bill.

(Compiled by Bengaluru newsroom; Editing by Shreya Biswas)

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