June 25, 2020 / 10:39 AM / a month ago

PRESS DIGEST-Canada - June 25

June 25 (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

Canada's WestJet Airlines said more than 3,000 employees will permanently lose their jobs and announced head office changes to ensure that the Calgary-based carrier can compete when the COVID-19 pandemic eases. tgam.ca/31c72cl

Trade confidence among Canadian exporters is at a historic low as most companies with markets abroad report declining sales and are bracing for an economic recession they predict will last well into 2021, according to a new survey by Export Development Canada. tgam.ca/2Zc86Ks

NATIONAL POST

Ratings agency Fitch downgraded a measure of Canada's sovereign debt by a notch on Wednesday citing "deterioration of Canada's public finances in 2020 resulting from the coronavirus pandemic." bit.ly/2B8x7yi

Canadian venture-capital investment has skidded during the coronavirus pandemic, but some of the biggest VC deals getting done involve companies that could help the fight against COVID-19, according to the audit firm KPMG. bit.ly/31hbl6i (Compiled by Bengaluru newsroom)

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