PRESS DIGEST-Canada - April 16

Reuters
2025/04/16
PRESS DIGEST-Canada - April 16

April 16 (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

- Honda Canada 7267.T has denied reports that it plans to move car production from its Alliston, Ontario plant to the U.S., stating that no changes are planned for the facility at this time.

- The U.S. has launched a national-security investigation into the pharmaceutical supply chain, potentially leading to tariffs on over $7 billion worth of Canadian pharmaceutical exports, which could disrupt supply chains and lead to drug shortages.

- Mountain Equipment Co. may have found a buyer for its struggling retail operations, as the federal Competition Bureau opened a merger review for a deal between TGI Holding Inc. and MEC Mountain Equipment Company Ltd, according to the website for the federal watchdog.

NATIONAL POST

- Telus Communications Inc. plans to build two AI-focused data centres in Quebec and British Columbia, powered by Nvidia NVDA.O GPUs, aiming to establish itself as a key player in Canada's AI infrastructure.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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