PRESS DIGEST-Canada - June 4
June 4 (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
Canadian Tire's CTCa.TO $30-million deal for Hudson Bay's intellectual property has received court approval, paving the way for the acquisition of the historic retailer's brand names, logos and designs – including its iconic multicoloured stripes and point-blanket patterns dating back to the 18th-century fur trade.
U.S. President Donald Trump has jacked up steel and aluminum tariffs to 50%, an escalation of his global trade war that will disproportionately hammer the Canadian economy.
U.S. Ambassador Pete Hoekstra told a Toronto audience that Canada may still be able to work together with U.S. automakers under an industrial strategy focused on the threat from Chinese vehicle makers.
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