Canada - Oct 28
Oct 28 (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
** Rogers Communications Inc RCIb.TO CEO Joe Natale was set to receive nearly $200-million in cash, consulting fees and equity as part of a mammoth severance package before the company's board abruptly switched course and fought to keep him. Link
** The Bank of Canada is ending its quantitative easing program and moving forward its timeline for potential interest rate hikes as supply chain disruptions and surging oil prices have forced it to reconsider its outlook for inflation. Link
** Online learning software provider D2L Corp of Kitchener, Ont has cut the pricing and deal size of its IPO, the Globe and Mail has learned. D2L is set to price the deal Wednesday at $17 per subordinate share, and raise just $150-million, three sources familiar with the matter said, after investors put in about $300-million worth of orders for the stock. Link
** Rob Gemmell, a veteran senior investment banker who has been an independent director of Rogers Communications Inc RCIb.TO since 2017, issued a statement Wednesday backing the assertion of Edward Rogers that there had been concerns about the performance of company CEO Joe Natale for "months and even years" before an aborted attempt to replace him in September. Link
** The case against a group of grocery chains and commercial bakeries that allegedly fixed the price of bread in Canada for at least 14 years hasn't resulted in any charges yet, but the federal competition watchdog said it's still an active investigation. Link (Compiled by Bengaluru newsroom)
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.