PRESS DIGEST- Canada-Dec 2

Tue Dec 2, 2014 5:41am EST
 
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Dec 2 (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

** Many Canadian companies are unprepared to deal with cybersecurity attacks against new and expanding computer technologies such as cloud-based computing, a new study says. The poll, sponsored by computer technology firm Cisco Canada and released Tuesday, found that only 40 percent of about 500 firms surveyed had security strategies that take into account new technology such as the "Internet of things," where a wide range of everyday objects are connected together in networks. (bit.ly/1zcHEvJ)

** The Central Bank of Russia waded into currency markets Monday as the ruble plunged to levels not seen since the 1998 financial crisis that triggered a devaluation and government debt default. Like the Canadian dollar and the Norwegian krone, the Russian currency has been under extreme pressure amid the collapse in oil prices. (bit.ly/1vaD39e)

** For years, business luncheons in the oilsands have been scenes of unbridled exuberance. Yet at the Sawridge Inn off Highway 63 on Monday, Fort McMurray's businessmen and women had something unpalatable to chew over with their roast pork and lasagna - oil selling at less than $70, and dropping fast. (bit.ly/1FJecPW)

  Continued...