October 27, 2017 / 10:50 AM / 2 months ago

PRESS DIGEST-Canada - Oct 27

Oct 27 (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

** A unit of Brookfield Asset Management Inc has bought the Sheraton hotel in downtown Toronto from Marriott International Inc in a blockbuster C$335 million ($260 million) deal that is the largest transaction for a single hotel in Canada. tgam.ca/2yXv9xn

** China Communications Construction Co Ltd a Chinese state-owned firm that is buying Canada's Aecon Group Inc helped Beijing assert sovereignty over the disputed South China Sea by building artificial islands there, and was barred until recently from bidding on World Bank projects because of an acquisition's "fraudulent practices." tgam.ca/2yV15SN

** Shaw Communications Inc has finally struck a deal with Apple Inc to sell the iPhone directly to customers as it looks to capitalize on a "once-in-a-lifetime" opportunity to expand the reach of its fledgling wireless business Freedom Mobile. tgam.ca/2yWharh

NATIONAL POST

** Lawyers representing Sears Canada employees and retirees have made a priority claim against the liquidating retailer for their C$270 million pension deficit and any unpaid special payments to the plan. bit.ly/2yUq1tP

** Canadian oil giant Suncor Energy Inc reported Thursday its strongest results since oil was at $100 a barrel – a profit of nearly C$1.3 billion in the third quarter – with help from a war on costs it says is re-positioning its oilsands as a low cost, low carbon, globally competitive business. bit.ly/2yV1QLD (Compiled by Bengaluru newsroom)

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