PRESS DIGEST- Canada - Aug 8
Aug 8 (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
* Canadian businesses are bracing for a possible next wave of Russian sanctions after Moscow banned imports of key food products in an escalating economic war over the conflict in Ukraine. (bit.ly/1qZNr8h)
* The water quality near the site of the massive tailings-pond breach this week meets drinking-water standards, according to preliminary test results, but the long-term impact on fish habitats and other wildlife remains unknown. A water usage ban will remain in place until additional testing is completed. The tailings-pond dam at Imperial Metals' Mount Polley mine burst early Monday morning, spewing millions of cubic meters of mining waste into the Cariboo district's waterways and triggering a local state of emergency. (bit.ly/1mskcmU)
Reports in the business section:
* After a months-long battle, Lululemon Athletica Inc founder Chip Wilson has reached an agreement with the yoga wear retailer's board that will see him team up with a private equity firm to get more sway over the board. (bit.ly/V5VvoT) Continued...