August 2, 2018 / 10:56 AM / a year ago

PRESS DIGEST- Canada-Aug 2

Aug 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.


** Stelco Holdings Inc is said to benefit from the steel tariff battle between Canada and the United States since 85 per cent of the steel it makes is sold in Canada and not subject to tariffs.

** Aeroplan's parent company, Aimia Inc, is in partnership talks with the Oneworld airline alliance as it fends off a hostile takeover bid from Air Canada and three financial partners.

** A Canadian federal government move to slash the scope of its planned carbon tax is drawing fire from conservatives and critics who say the cuts to the proposed levy is not enough.


** Hydro One Ltd said it has secured a long sought-after deal to buy a Central Ontario utility. It will pay C$105 million ($80.57 million) to the city of Peterborough, Ontario for the business and distribution assets of Peterborough Distribution Inc.

** Royal Bank of Canada, Canada's largest bank by market capitalization and Espresso Capital, a Canadian private fintech company have made a deal to support Canadian technology entrepreneurs. ($1 = 1.3032 Canadian dollars) (Compiled by Bengaluru newsroom)

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