October 28, 2015 / 11:05 AM / 2 years ago

PRESS DIGEST- Canada-Oct 28

3 Min Read

Oct 28 (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

** Glen Abbey, home to 27 Canadian Opens and site of one of the most famous shots in this country's golf history, could become a huge housing and commercial project if its owner follows through on a preliminary proposal to redevelop the prime property. Glen Abbey's parent, ClubLink Corp, has filed a request to turn the famed 230-acre golf course into a residential community of about 3,000 homes, as well as offices and retail stores. (bit.ly/1Wi9jWl)

** Defense experts are skeptical that Justin Trudeau's Liberal government will reap any significant windfall from buying a warplane that is cheaper than the controversial F-35 fighter. The Liberals promised to look elsewhere for a plane and plow the savings into more ships for the Royal Canadian Navy. Military experts say different aircraft might not be a bargain when the costs of buying, operating and maintaining them over 20 to 30 years are tallied up. (bit.ly/1WhkG6j)

** Alberta's NDP government is pouring C$34-billion ($25.70 billion) into infrastructure projects over the next five years, creating a program that gives companies as much as C$5,000 for each new hire, and increasing taxes on tobacco and alcohol for the second time in a year. The measures are being tabled at a time when the New Democrats are forecasting near-record deficits, unprecedented debt and a provincial economy faltering in the face of low oil prices and steady layoffs. (bit.ly/1NzuPDL)

National Post

** Squeezed by falling oil prices and a lack of pipeline capacity, Royal Dutch Shell Plc said it is halting the development of its Carmon Creek thermal oilsands project in northern Alberta and expects to take a C$2 billion restructuring charge as a result of the decision. (bit.ly/1PTZVsc)

** The Ontario Real Estate Association insisted that the governing Liberal party is going ahead with plans that will allow municipalities to follow Toronto's lead and implement their own land transfer tax. Ontario government officials deny anything has been decided. (bit.ly/1k7iYTj)

$1 = 1.33 Canadian dollars Compiled by Sangameswaran S in Bengaluru

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