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PRESS DIGEST- Canada- May 8

Published 08/05/2019, 10:02 pm
Updated 08/05/2019, 10:10 pm
© Reuters.  PRESS DIGEST- Canada- May 8
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May 8 (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

** Bombardier Inc BBDb.TO deliberately inflated its cost estimates to gain an unjustified payment of about $60 million from South Africa's state-owned freight company Transnet, a senior official said at a public inquiry into state corruption on Tuesday. https://tgam.ca/2H9WI8O

** SNC-Lavalin Group Inc SNC.TO told investors it is considering breaking up the company by spinning out some businesses before its criminal case ever gets to trial, a move that could include carving out British unit WS Atkins. https://tgam.ca/2H9WVZE

** Bank of Nova Scotia BNS.TO said it is shuffling top executives in retail banking and wealth management as the company establishes its expanded wealth business as a stand-alone division. https://tgam.ca/2H4uuML

NATIONAL POST

** Canadian farmers will carry an "all-time record high" stock of unsold canola into the next season as slumping exports and Chinese trade tensions weigh on the already beleaguered agricultural sector. Singapore-based PSA International Pte Ltd has reached a deal to acquire the Halterm terminal in Halifax from Australian-based Macquarie Infrastructure Partners, the company confirmed in a brief email statement.

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