PRESS DIGEST- Canada - Feb 10
Feb 10 (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
** Husky Energy Inc has laid off an undisclosed number of employees to cut costs while oil prices hover near a 12-year low with little prospect for a short-term recovery. Husky, controlled by Hong Kong billionaire Li Ka-shing, said the new cuts were needed to ensure the company remained resilient through the current downturn and beyond. (bit.ly/1nXv0Re)
** WestJet Airlines Ltd is bracing for a prolonged downturn in the Alberta economy with actions that could include job reductions, Chief Executive Gregg Saretsky says. (bit.ly/1V3oiEn)
** Toronto's Porter Aviation Holdings Inc has been quietly searching for a buyer, throwing the future of its business model as a classy, convenient rival to bigger Canadian airlines into question. The search process is underway, according to people familiar with the plans, and there is no guarantee it will result in a transaction, but the company's financial backers have been actively looking for an exit strategy through a sale. (bit.ly/1Rn65lU)