PRESS DIGEST-Canada-Oct 31

Wed Oct 31, 2012 6:02am EDT
 
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Oct 31 (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

* New numbers reveal the federal government quietly cut spending by C$8 billion after Canadians handed the Conservatives a majority mandate.

* Canada will hold immigration levels steady for the seventh year in a row in 2013, but will make more room within its quota for what's quickly become its fastest growing category of newcomers. The Canadian Experience Class, launched only a few years ago, represents the future of Canada's immigration system under the Harper government -- where Ottawa places a hard nosed emphasis on attracting the best and brightest skilled workers.Reports in the business section:

* Hal Kvisle, chief executive of Calgary-based Talisman Energy Inc axed the company's 2013 budget by 25 per cent and is pulling back on exploration as he shifts the company's focus to bottom line results instead of costly growth.

* Bank of Canada Governor Mark Carney nudged lawmakers to consider tax incentives that might persuade cash-rich companies to boost investment.   Continued...