PRESS DIGEST-Canada-April 4

Thu Apr 4, 2013 6:11am EDT
 
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April 4 (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

* The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition. ()

* Bruce Heyman, a Chicago-based Goldman Sachs executive and one of Barack Obama's top fundraisers, is in final talks to become the next U.S. ambassador to Canada, according to sources. ()

Reports in the business section:

* Low interest rates have failed to jump-start the housing market, as sales in major Canadian cities in March fell sharply below where they were last spring. Despite a series of mortgage-rate promotions offering five-year loans at less than 3 percent, sales of existing homes in the Toronto area slumped 17 percent in March from a year earlier, while Vancouver sales sank 18 percent. ()   Continued...