PRESS DIGEST-Canada - Nov 3

Nov 3 (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

** Two Vancouver-based technology firms Hootsuite and Dapper Labs are laying off 22% and 5% of their employees on Wednesday. Both cited macroeconomic concerns as a pressure point that led to the cuts.

** The federal government announced on Wednesday that Chinese state-owned Sinomine Rare Metals Resources Co, Chengze Lithium International, and Zangge Mining Investment Co must sell their stakes in Power Metals Corp, Lithium Chile Inc , and Ultra Lithium Inc respectively.

** The Bank of Canada is urging financial technology companies to start preparing for a new regulatory regime that will soon cover businesses providing services such as digital wallets and electronic payment systems.

NATIONAL POST:

** The processing fee application Telus Corp filed to the Canadian Radio-television and Telecommunications Commission only applies to a small subsection of users and doesn't need the telecom regulator's approval to add a credit card surcharge on the majority of its customers, a CRTC spokesperson said. (Compiled by Bengaluru newsroom)