PRESS DIGEST-Canada - Dec 2

Dec 2 - 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

Canadian billionaire Pierre Karl Peladeau said on Monday he has launched a battle for control of the struggling airline Transat AT TRZ.TO, calling for the ouster of its chair and a top-to-bottom review of its operations and direction.

The pan-Canadian Pharmaceutical Alliance (pCPA), a body that represents all federal and provincial drug plans, said on Monday that it had broken off negotiations with Novo Nordisk NOVOb.CO to cover weight-loss drug Wegovy without a deal.

Prime Minister Mark Carney on Monday tapped Marc Miller as Culture Minister in a cabinet shuffle prompted by the resignation of Steven Guilbeault late last week.

NATIONAL POST

Canadian steelmaker Algoma Steel ASTL.TO said on Monday it would lay off 1,000 employees and close its blast furnace and coke-making operations in Ontario in early 2026 due to tariff pressures.