PRESS DIGEST-Canada-Feb 25
Feb 25 (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 is taking steps to privatize the operation of its lucrative lottery business in hopes that the move, which would be a first among Canadian provinces, will rake in even more revenue to support public finances.
* Canada will feel the sting if U.S. Congress fails this week to avert what's known as sequestration, an array of massive, mandated spending cuts to a host of federal departments and agencies aimed at slashing America's $16 trillion national debt.
Reports in the business section:
* A hostile takeover bid for Inmet Mining Corp is looking ever more likely to succeed as the deadline approaches for shareholders to vote on the C$5.1 billion ($4.98 billion)offer, as the odds of a counter-bid ebb along with softening copper prices. Continued...