PRESS DIGEST- Canada-Oct 27
Oct 27 (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
** Roots Canada Ltd is entering a new era as co-founders Michael Budman and Don Green cede majority control of the 42-year-old chain to a private equity firm amid a more intense fashion retail landscape. The founders said Searchlight Capital Partners LP, an investment firm, bought a majority stake in Roots for an undisclosed amount in a bid to expand the retailer in North America, Europe and Asia. (bit.ly/208cq7U)
** Alberta's oil sector has lost its competitive edge over the United States, so any changes to royalties should be aimed at wresting it back rather than increasing costs, the industry's lobby group has told a government-appointed panel studying the issue. (bit.ly/1GuW2be)
** The Quebec government is proposing to spend C$420-million ($318.5 million) by 2020 to boost sales of electric and hybrid vehicles in the province to 100,000 units annually, about five times the current number sold in the entire country every year. (bit.ly/1WfcGmi)