PRESS DIGEST-Canada-Dec 4
Dec 4 (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
* Republicans made their first formal proposal to avert America's fiscal cliff, offering to increase government revenue by $800 billion over a decade but the plan does little to narrow their differences with the White House. ()
* Canada's foreign aid agency should play an active role in promoting the country's economic interests abroad rather than limiting its scope to poverty reduction alone, international co-operation minister Julian Fantino said. ()
Reports in the business section:
* Accounting firm Ernst & Young LLP has been accused by regulators of failing to properly scrutinize the books of failed forestry company Sino-Forest Corp, marking a rare case of auditors facing allegations of wrongdoing by the Ontario Securities Commission. () Continued...