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MARKETS LIVE BLOG:

STOCKS TRADE MIXED AFTER S&P 500'S RECORD CLOSE

Treasury yields drop, rate-cut hopes rise on weak economic data

PRESS DIGEST-Canada - Feb 17

Reuters
·1 min read

Feb 17 (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

- Energy giant Cenovus Energy Inc will soon have a new CEO, with current Chief Operating Officer Jon McKenzie set to take the reins from Alex Pourbaix on April 26, the company announced Thursday.

- Teck Resources Ltd is exploring a spin-out of its steelmaking coal division, or other ways to exit its largest business, as part of a strategic shift to mining metals that will power a greener economy.

- Justice Minister David Lametti has introduced legislation to establish a new independent body for reviewing wrongful convictions, which he says would make it faster and easier to get cases examined.

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NATIONAL POST

- Canada's largest real estate investment trust RioCan's chief executive said that the REIT is well-positioned to weather the shuttering of Bed Bath & Beyond Canada's stores.

- Ottawa, Canada's decision to block Chinese investment in Calgary-based Lithium Chile Inc was "short-sighted" and "disappointing," a top executive from the company said on the same day the miner welcomed investment from a Canadian firm that bought the shares in question. (Compiled by Bengaluru newsroom)