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PRESS DIGEST-Canada - June 18

ReutersJun 18, 2025 12:00 PM

- 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

** Calgary-based energy infrastructure company Keyera KEY.TO announced Tuesday it will acquire all of Plains' PAA.O Canadian natural gas liquids business, along with some U.S. assets, for C$5.15-billion ($3.77 billion).

** A consortium of Canadian investors led by Globalive says it has secured the federal government's approval to acquire Toronto-based Wealth One Bank of Canada, two years after Ottawa ordered three of its founding investors to divest their shares in the bank.

** Torngat Metals Ltd is raising $165 million from the federal government as it attempts to put a rare earths mine and refinery into production in Quebec at a time when China's dominance of the sector is causing high anxiety for the West.

($1 = 1.3658 Canadian dollars)

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