PRESS DIGEST- Canada - June 5

Fri Jun 5, 2015 7:55am EDT
 
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June 5 (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 head of Via Rail Canada Inc pitched a private investment proposal of C$3 billion ($2.40 billion) on Thursday, promoting a chance to reshape the money-losing passenger-train service. Yves Desjardins-Siciliano said the proposal to buy and build dedicated passenger train tracks in the busy Toronto-Ottawa-Montreal corridor could bring double-digit returns to a consortium of investors in the Crown corporation. (bit.ly/1HPmaYA)

** Cenovus Energy Inc has agreed to pay C$75 million for a rail-loading terminal in Alberta, from struggling Canexus Corp late on Thursday. Cenovus announced the deal to acquire the facility even as lower crude prices challenge the economics of shipping oil by train. (bit.ly/1KIGJc4)

** Canadian Prime Minister Stephen Harper is heading to Ukraine to demonstrate solidarity just as Kiev's war with Russian-backed rebels escalates, but the Prime Minister still wont commit to providing weapons to the ancestral home of more than 1.2 million Canadians.(bit.ly/1EZtI8V)

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