PRESS DIGEST- Canada - April 1
April 1 (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
** Canada missed a key deadline for joining a Beijing-backed infrastructure bank, limiting the influence the government will have over how the new institution will run. China set Tuesday, March 31, as the last day for governments to signal their interest in becoming founding members of the Asian Infrastructure Investment Bank, which seeks to fund roads, railways and other projects in the region. (bit.ly/1BOZN2X)
** Canadian regulators have announced proposed new rules that will give boards of directors far more time to respond to hostile takeover bids, but will not allow them to indefinitely turn away unwanted offers. The new standards will require takeover offers to remain open for a minimum of 120 days, which is a major extension to the current 35-day minimum period. (bit.ly/1CtQdFj)
** Contract talks have broken off between Air Canada and Unifor, the union that represents ticket agents, customer service representative and sales agents. Unifor wants Air Canada to get involved in a dispute the union is having with Greater Toronto Airport Authority, which is outsourcing work involving assistance to passengers who require wheelchair or other special help. (bit.ly/1xWLvl1)