Jan 10 (Reuters) – Below are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not guarantee their accuracy.
The Globe and the Mail
** Honda Motor Co Ltd will invest more than $408 million to modernize its Alliston, Ontario assembly plant, supported by federal and Ontario government grants, bringing total spending on the plant to approximately $492 million. amount to dollars. tgam.ca/2iXASJu
** Executives at Ford Motor Co and Fiat Chrysler Automobiles on Monday gave assurances that they will proceed with new investments in Canada, despite President-elect Donald Trump’s attempts to bar manufacturers from building vehicles outside the United States tgam.ca/2jyn76Y
** After two years of deep cuts in Canada’s troubled resource sector, Canada’s resource-related companies are poised to begin expansion investments in 2017, according to a Bank of Canada survey. tgam.ca/2iXxDlk
NATIONAL MAIL
** Vancouver-based apparel company Lululemon Athletica Inc on Monday upgraded its lower-end guidance estimates for fourth-quarter net sales and earnings, forecasting revenue of at least $775 million, up from $765 million at the lower end of the previous estimate. bit.ly/2iXygLy
** Canadian REITs will see “high single-digit and low double-digit” growth next year, according to a new report from Timbercreek Asset Management, as robust demand in the East and a strong retail sector are offset by oversupply of offices in Calgary. bit.ly/2iXxhuH (Compiled by Bhanu Pratap in Bengaluru)
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