November 3, 2015 / 11:05 AM / 2 years ago

PRESS DIGEST- Canada- Nov 3

Nov 3 (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

** TransCanada Corp said it has asked the U.S. State Department to suspend the review of its $8 billion Keystone XL pipeline while it seeks clearance from regulators in Nebraska. (bit.ly/1Na8o5A)

** The incoming Trudeau government, already facing a tough decision on whether to offer a $1 billion bailout to Bombardier Inc, says it's standing by a different political pledge that will end up hurting the Montreal aircraft maker and its troubled C Series plane. (bit.ly/1SkUTEC)

** Royal Bank of Canada has completed its $5 billion acquisition of Los Angeles-based City National Corp, setting into motion RBC's ambitious strategy for building a much larger presence in the United States and Britain. (bit.ly/1l5NsWC)

NATIONAL POST

** TransCanada Corp asked U.S. Secretary of State John Kerry late Monday to suspend its review of the Keystone XL pipeline, pending the resolution of litigation in Nebraska over the pipeline route. (bit.ly/1GJcqoK)

** Moody's Investors Service has put Bank of Nova Scotia's longterm debt ratings under review for possible downgrade. The ratings agency cited significant measures taken by Canada's third-largest bank to increase its profitability over the past couple of years, which signal a "fundamental shift" in the bank's risk appetite. (bit.ly/1Q3b2jw)

** Despite a $1 billion cash infusion from the Quebec government, Bombardier Inc is still walking a liquidity "tightrope" and may need a second bailout soon, says Scotiabank. (bit.ly/1RN9448) (Compiled by Sneha Johny in Bengaluru)

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