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PRESS DIGEST-Canada - April 22

ReutersApr 22, 2025 12:28 PM

- The following are the top stories from Canadian newspaper The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

- Lumina Gold Corp LUM.V, backed by Ross Beaty, has agreed to a C$581-million ($419.77 million) acquisition by China’s CMOC Group Ltd 603993.SS, pending regulatory approval.

- Mountain Equipment has found a buyer in textile executive Tim Gu, who is set to acquire a majority stake in the struggling retailer, pending regulatory approvals.

- Bank of Montreal's BMO.TO asset management arm has ended its partnership with Cathie Wood's ARK Investment Management, terminating six mutual and exchange-traded funds due to poor performance and low investor interest.

($1 = 1.3841 Canadian dollars)

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