PRESS DIGEST- Canada - Aug 25
Aug 25 (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 Toronto Port Authority has won a key early showdown with the city on the controversial issue of expanding the island airport to allow jets. City staff are participating in an environmental assessment for the expansion without the port authority having signed off on limits on the numbers of passengers and aircraft. This comes only months after Toronto's deputy city manager warned that agreement on that issue was "essential for moving forward." (bit.ly/1mH1acQ)
** Colder summer weather across Ontario has put pressure on tourism-dependent businesses that rely on July and August to generate the bulk of their profits. The bad weather has also had an impact on the boating industry in Ontario and the marinas and gas bars that support them. (bit.ly/1tvz6io)
Reports in the business section:
** Bank of Canada Governor Stephen Poloz wants to make something perfectly clear: When the Federal Reserve starts raising interest rates, Canada's central bank won't necessarily follow immediately. "The main thing people should understand is that our policy is quite capable of being fully independent, as it has been these past few years," Poloz said in an interview at the annual gathering of central bankers and economists at Jackson Hole, Wyoming, over the weekend. (bit.ly/1nsPieJ) Continued...