PRESS DIGEST-Canada- Feb 26

Fri Feb 26, 2016 6:48am EST
 
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Feb 26 (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

** Ontario has driven down its deficit to C$4.3 billion ($3.18 billion), but the fiscal good news hinges on economic circumstances beyond the province's control, extra financial help from the federal Liberal government and a one-time cash injection from privatizing Hydro One Ltd. (bit.ly/1oMhAbZ)

** AltaGas Ltd has halted plans to export liquefied natural gas (LNG) from British Columbia's north coast amid a worldwide glut of the fuel. AltaGas and its partners in the Douglas Channel LNG project fell short of their goal of signing sufficient long-term contracts with Asian buyers to take delivery of LNG in what the industry calls "off-take". (bit.ly/1oMhCR7)

** Export Development Canada is designating C$750 million to provide financial services, including loans and guarantees, to small and medium-sized Canadian energy firms trying to weather the oil price drop. (bit.ly/1oMhKzP)

  Continued...