PRESS DIGEST-Canada - Oct 28

·1 min read

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.


** Rogers Communications Inc 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.

** 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.

** 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.


** Rob Gemmell, a veteran senior investment banker who has been an independent director of Rogers Communications Inc 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.

** 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. (Compiled by Bengaluru newsroom)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting