Funds News

PRESS DIGEST- Canada- Dec. 26

Dec 26 (Reuters) - The following are the top stories from Canadian newspaper the Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.


** The Illinois Municipal Retirement Fund has pulled $1.1 billion from BMO Global Asset Management, citing its poor performance managing a large-cap equity fund.

** An Ontario judge has rejected a C$1.7 billion ($1.29 billion) attempt by taxi plate owners to sue Toronto over losses suffered after Uber entered the city.

** Canadian journalist Zsombor Peter who was charged alongside his Cambodian colleague, Aun Pheap, with incitement to commit a felony two years ago in Cambodia says justice has been delayed even further after his trial, which was scheduled for Christmas Day, was postponed. ($1 = 1.3153 Canadian dollars) (Compiled by Bengaluru newsroom)