PRESS DIGEST-Canada-Sept 3

Tue Sep 3, 2013 6:09am EDT
 
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Sept 3 (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

* The Prime Minister's advisers have dismissed a warning by a respected think tank that ultra-low interest rates need to start rising now to avoid damage to the Canadian economy. ()

* Canada's banking regulator has been gathering detailed mortgage information from financial institutions, in what could be a precursor to changes in the rules for home loans. The Office of the Superintendent of Financial Institutions has spent months considering a tightening of mortgage rules for lenders, a decision that's being weighed as the housing market begins to pick up after a year-long slump. ()

Reports in the business section:

* Verizon Communications Inc is ruling out expansion into Canada in the wake of its $130-billion deal to take full control of its wireless arm, eliminating Ottawa's best hope of attracting a new wireless carrier to compete with the country's three incumbents. ()   Continued...