PRESS DIGEST- Canada- March 12

Thu Mar 12, 2015 7:06am EDT
 
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March 12 (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

** An information technology manager at MacDonald Dettwiler & Associates Inc is facing accusations of insider trading and tipping in advance of a takeover deal the company negotiated in 2012. The Ontario Securities Commission alleged Satish Talawdekar learned about his company's plans to acquire a major subsidiary of Loral Space & Communications Inc in 2012, and used his personal line of credit to buy C$44,365 ($34,972) worth of MDA shares just days before the company announced the deal. (bit.ly/19dU6V7)

** Private-sector economists who submitted their prebudget forecasts to Ottawa this week say with the past two months of steady oil prices there is no longer a need to delay the budget. (bit.ly/1ECdzMa)

** The Toronto District School Board passed next year's budget on Wednesday, cutting more than 250 jobs, including about 50 special education jobs that became a sticking point for trustees during an hour-long soul-searching debate. (bit.ly/1Buzd2u)

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