PRESS DIGEST-Canada - May 28
May 28 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
- Definity Financial DFY.TO is set to acquire the Canadian operations of U.S. insurance giant Travelers TRV.N for $3.3-billion, vaulting it into fourth place among property and casualty insurers in Canada.
- Investment in Alberta's renewables sector has dropped off significantly owing to unprecedented policy and regulatory uncertainty, with the number of wind and solar projects in the province's connection queue shrinking for the first time, a new report has found.
- The executive chair of InterRent Real Estate Investment Trust IIP_u.TO, Mike McGahan, is offering to acquire the apartment owner for $2-billion with the backing of Singapore sovereign wealth fund GIC.
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