Company News

PRESS DIGEST - Canada - Aug 30

Aug 30 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Google affiliate Sidewalk Labs is partnering with the deep-pocketed Ontario Teachers' Pension Plan to launch a new company to invest in high-tech urban infrastructure, even as it remains in contentious talks over its sweeping plans for a "smart city" across Toronto's eastern waterfront. (

** The plans to expand the Vancouver region's subway system to the University of British Columbia (UBC) in the far west and Langley will get a significant boost from money committed by UBC and from development fees, Kevin Desmond, chief executive officer of TransLink said. (

** Major business groups are warning that Ottawa's plans to impose additional carbon costs on industry will hurt the country's economy and drive up consumer energy costs, even as the Liberals face criticism that they are not meeting their international commitments to confront climate change. (


** The Canadian Centre for Policy Alternatives on Thursday released a report that found S&P/TSX Composite index companies with defined-benefit pension plans bought back C$16 billion ($12.05 billion) worth of shares and paid out C$50 billion in dividends in 2017. ( ($1 = 1.3275 Canadian dollars) (Compiled by Bengaluru newsroom)