PRESS DIGEST- Canada - July 8

Fri Jul 8, 2016 7:44am EDT
 
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July 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

** Postmedia Network Canada Corp is proposing a restructuring plan that would wipe out nearly half its debt and slash its annual interest payments, easing immediate financial pressure that threatened to turn the company insolvent. (bit.ly/29BgYDq)

** Canada's Bombardier Inc is under less pressure to ink new orders for its C-Series jet at a major European air show next week after receiving orders from Delta Air Lines and Air Canada, a senior executive said. (bit.ly/29BhzF5)

** British Columbia released new data showing foreign buyers purchased 5 percent of the homes sold in and around Vancouver over three weeks last month and, on average, spent about C$400,000 ($307,858) more than Canadians in these transactions, the first statistical hint of the impact offshore money might be having on the region's overheated market. (bit.ly/29Bh7Xu)

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