PRESS DIGEST-Canada-Aug 22

Thu Aug 22, 2013 6:14am EDT
 
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Aug 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

* New federal electoral maps have been finalized in Quebec, British Columbia and Saskatchewan, setting the stage for the 2015 election races in each province. Quebec's commission complained that onerous demands from MPs for riding name changes undermined the commission's authority, while the redrawn map in Saskatchewan could lead to more competitive races in the province's cities, despite complaints by Stephen Harper's Conservatives.()

BUSINESS SECTION

* The discount mortgages that stoked the Canadian housing boom are disappearing, increasing the likelihood of a correction in home values. On Thursday, Royal Bank of Canada will hike its five-year fixed-rate mortgage to 3.89 per cent, one day after the Bank of Montreal raised its rate to 3.79 per cent. The other major lenders are all moving in the same direction. ()

* The Ontario government wants assurances that the province will benefit economically from TransCanada Corp's pipeline project to ship crude from Alberta to refineries and export terminals in eastern Canada. ()   Continued...