Company News

PRESS DIGEST- Canada-April 9

April 9 (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 chief executives of two of Canada's largest banks are warning that it will take longer for the economy to recover from the new coronavirus than they expected even a few weeks ago, and that businesses will still be feeling the effects in 2021.

** Canadian miner Teck Resources Ltd faces allegations of putting thousands of British Columbia miners at risk of contracting COVID-19 and spreading the virus into the nearby communities by keeping open its massive coal operations.

** A hefty jump in financing costs for Suncor Energy Inc - which enjoys one of its industry's best credit ratings - shows how debt markets have become wary of the Canadian oil patch as it struggles with the collapse of crude prices.


** A number of Canadian insurers are reducing or rebating auto insurance premiums to compensate customers who are driving less because they are working at home or are self-isolating as a result of the coronavirus pandemic.

Compiled by Bengaluru newsroom