PRESS DIGEST-Canada - October 21

By Reuters News

Oct 21 (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

**Lenders to Ottawa-based Telesat Corp TSAT.TO have proposed a new recapitalization plan which includes a new C$1.7 billion ($1.21 billion) equity rights offering and a C$1.5 billion ($1.07 billion) loan ahead of a looming debt-repayment deadline that the satellite operator is at risk of missing.

**Shopify SHOP.TO Chief Technical Officer Mikhail Parakhin who joined in 2024 to lead engineering and data, is departing the e-commerce giant.

** Bank of Montreal BMO.TO has appointed its US general counsel, Tim Cox, as its new US country head and CEO of its US subsidiaries, effective November 1.

($1 = 1.4052 Canadian dollars)

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