PRESS DIGEST-Canada-July 29

Mon Jul 29, 2013 6:54am EDT
 
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July 29 (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

As many as 115 businesses are finalizing plans to move to a future commercial district near the heart of Lac-Mégantic as the removal of the toxic soup under the shattered downtown is expected to last years. Nearly a month after the devastating crash of an oil train on July 6, officials have warned that reconstruction could take five years. ()

* One of the four federal policemen accused of lying during testimony at a public inquiry into the death of Polish immigrant Robert Dziekanski will learn his fate on Monday. Constable Bill Bentley's trial last month was the first of four perjury cases against the officers who confronted Dziekanski at Vancouver's airport in October 2007, fatally stunning him several times with a taser. ()

Reports in the business section:

* Hudson's Bay Co (HBC) is close to sealing a deal to buy Saks Inc, a move that would see the U.S. luxury department-store retailer being launched in Canada along with its Saks Off Fifth discount sister chain. HBC is expected to pay about $16 a share for Saks, the source said, making the purchase price $2.4 billion. ()   Continued...