PRESS DIGEST- Canada - July 30
July 30 (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 effects of falling oil prices are only starting to be felt in Calgary's housing market, the city's local real-estate board warned, with home prices expected to fall further as unemployment continues to rise. Resale home prices likely will end the year 0.2 percent lower for the year, the Calgary Real Estate Board predicted in a mid-year forecast. (bit.ly/1h7g7ZD)
** Trading was halted on Home Capital Group Inc's stock after the company revealed late Wednesday that it cut ties with dozens of mortgage brokers in the wake of an investigation that revealed they had falsified documents about borrowers' incomes. The details of the internal investigation, which began last fall, were made public at the request of the Ontario Securities Commission, the company said. (bit.ly/1MvjR2V)
** Open Text Corp dished out a serving of surprisingly good news with a side order of worse-than-expected news as it announced its fourth-quarter results on Wednesday. The business software company said it earned $482.7 million in revenue in the period ended June 30, after warning just two months ago that it would only bring in between $440 million and $455 million. (bit.ly/1Mvk5qW)