PRESS DIGEST-Canada - Oct. 21

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

** Hudson's Bay Co is planning to modernize its department store properties by redeveloping some of the vast store buildings into mixed-use spaces that could include offices, other retailers in addition to the Bay, and even residential space. https://tgam.ca/3m87uQ6

** Toronto based e-commerce Pivotree Inc, set out this month to raise C$35 million ($26.70 million) on the TSX Venture Exchange by selling between 4.7 million and 5.4 million shares at C$6.50 ($4.96) to C$7.50 ($5.72) apiece. The offering is being underwritten by Canaccord Genuity, National Bank Financial, Cormark Securities and Paradigm Capital. https://tgam.ca/37s2Wjt

** Some small business owners that received the federal wage subsidy are now facing midyear audits, prompting a major organization representing independent businesses to formally urge the Canada Revenue Agency to shelve the audits until the pandemic eases. https://tgam.ca/3jiuYzZ

NATIONAL POST

** Deloitte's Holiday Retail Outlook released on Tuesday found that the average Canadian shopper is planning to avoid stores and buy more online, is stoking concerns in the retail sector that Canada’s courier network won't be able to keep up with deliveries. https://bit.ly/34iRu7u

($1 = 1.3109 Canadian dollars) (Compiled by Bengaluru newsroom)