PRESS DIGEST- Canada - July 3

Thu Jul 3, 2014 6:41am EDT
 
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July 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

** On the eve of a Throne Speech outlining Ontario Premier Kathleen Wynne's plan for her new majority mandate, Moody's has issued a stark warning on Ontario's growing deficit. The bond rating agency has changed its outlook on the province to "negative," cautioning its credit rating could be downgraded if it doesn't show progress either cutting spending or hiking revenues. (bit.ly/1lVPNAO)

** Kyle Lowry, the basketball veteran who led the Toronto Raptors to their first postseason appearance in five years, said on Wednesday on Twitter he's staying put. Lowry's deal is $48 million through four years with an opt-out after the third year, according to multiple reports. (bit.ly/1qAINfN)

Reports in the business section:

** Auto sales stayed in overdrive last month in Canada, putting six-month deliveries ahead of the record pace set last year. Canadians snapped up 175,428 new cars, trucks, crossovers and mini-vans in June, up 2 percent from 171,608 a year earlier and making last month the best June on record. (bit.ly/VgTBm4)   Continued...