PRESS DIGEST- Canada-April 22
April 22 (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
** Air Canada has given Chief Executive Calin Rovinescu an enhanced pension that will almost double his retirement pay to C$791,300 ($647,863) a year by age 65 if he remains at the airline for three more years. Under a new employment agreement negotiated in November, Rovinescu, will receive at least C$9.31 a share for up to one-third of his Air Canada shares when he retires. (bit.ly/1HjPStz)
** The Harper government's pre-election budget offers investment incentives to manufacturers and growing tax breaks to small businesses while promising to return Ottawa to the black. After years of highlighting the importance of Canada's resources sector, the Conservatives shifted the focus to the hard-hit manufacturing sector. (bit.ly/1btLpav)
** Shares of the Mississauga-based Cipher Pharmaceuticals Inc are regaining strength after the company recently announced its largest acquisition to date, expanding its footprint in the lucrative U.S. market. (bit.ly/1Jt7mAP) Continued...