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PRESS DIGEST-Canada - November 6

By Reuters News

Nov 6 (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 will fast-track permanent residency for 200,000 temporary residents already in the country under a one-time measure announced in the federal government's 2026 budget, aimed at clearing the immigration application backlog.


** Global advisory firm Teneo has expanded its Canadian operations by appointing former Deloitte Americas restructuring chief Phil Reynolds to lead its Toronto-based financial advisory practice, which it aims to grow to 50 employees within two years.


** Canada's federal budget proposes changes to banking regulations to increase competition in the country's highly concentrated financial sector, including easing entry requirements for new lenders, expanding the banking regulator's mandate and raising deposit insurance coverage.

NATIONAL POST

** Hamilton's Stelco steel plant could resume operations as a federal government deadline approaches in a dispute with U.S. owner Cleveland-Cliffs CLF.N over the future of its Ontario steel operations.

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