PRESS DIGEST- Canada- July 9
July 9 (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
** A pair of investors has scrapped a $2 billion takeover offer for Pacific Rubiales Energy Corp after facing a opposition to the deal in a campaign led by shareholders. Pacific Rubiales said Mexico's Alfa SAB and Harbour Energy Ltd, which had offered $6.50 per share for the company, had withdrawn the bid they had launched in May. (bit.ly/1KQJNX8)
** The Quebec government is heading back to court to again challenge Ottawa's plan to create a national securities regulator. Quebec has sent the securities regulator proposal to the Quebec Court of Appeal for a decision on its constitutionality. (bit.ly/1KQJYBZ)
** Precision Drilling Corp, Canada's largest drilling services company, sees the potential for more spending by customers in the second half. The company sees some room for the North American rig count to rebound as customers restart wells and upgrade equipment after cutting costs, chief executive Kevin Neveu said in an interview. (bit.ly/1KQK5gE) Continued...