PRESS DIGEST- Canada- March 18

Tue Mar 18, 2014 6:51am EDT
 
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March 18 (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

* Russia's quick recognition of Crimea as an independent state is risking a second round of more damaging sanctions by the United States and the European Union that could unleash a new Cold War. ()

* Canada is joining the European Union and the United States in slapping additional sanctions on those it blames for threatening Ukraine's sovereignty, retaliating against what Prime Minister Stephen Harper has branded the "Putin regime." ()

Reports in the business section:

* Whitecap Resources Inc said on Monday that it was buying Western Canadian oil and gas properties from Imperial Oil Ltd for C$855 million ($773.65 million). The deal pushes the energy industry's tally for merger and acquisition activity for the quarter to C$7 billion. ()   Continued...