PRESS DIGEST-Canada - Dec 18

Dec 18 (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

Eli Lilly & Co. LLY.N will cut Canadian list prices for its diabetes and weight-loss drugs Mounjaro and Zepbound by at least 20% from Dec. 29, as the U.S. drugmaker braces for new regulations and the arrival of generic Ozempic.

Canada will have to negotiate over its protected dairy market and rules for streaming services if it wants the U.S to renew the U.S.-Mexico-Canada Agreement, Trade Representative Jamieson Greer told closed-door congressional hearings.

Ontario Premier Doug Ford on Wednesday backed Toronto as the site for a planned multinational bank to finance defence projects, if Canada is chosen to host the institution being set up by NATO members and Indo-Pacific allies.

Canada Pension Plan Investment Board (CPPIB) will invest $1 billion in a $1.1 billion joint venture with Dream Industrial REIT and Dream Asset Management to buy "last mile" warehouses near major Canadian cities, aiming to capture growing e-commerce demand.