PRESS DIGEST-Canada - Dec 4

Reuters
2024-12-04
PRESS DIGEST-Canada - Dec 4

Dec 4 (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

- Brookfield Asset Management BAM.TO has acquired a $925 million portfolio of commercial real estate loans from U.S. regional lender Valley National Bank VLY.O, reflecting a growing trend of cooperation between banks and private credit providers.

- Bank of Nova Scotia BNS.TO CEO Scott Thomson expects political uncertainty in the U.S. and Mexico, key markets for the bank's revamp strategy, to ease soon, paving the way for strong economic growth in North America.

- FortisBC has applied for regulatory approval to expand its Tilbury LNG site in the Vancouver suburb of Delta, aiming for net-zero emissions in the project.

NATIONAL POST

- Global commodities trader Cargill's Alberta operations in Calgary and High River will not be affected by the company's layoffs, according to union president Thomas Hesse.

- Enbridge ENB.TO has cancelled its plans to build a natural gas pipeline for the Westcoast Connector Gas Transmission project in northern British Columbia after letting its environmental certificate expire in November.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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