PRESS DIGEST-Canada-Feb 25

Mon Feb 25, 2013 5:32am EST
 
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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...