PRESS DIGEST- Canada- July 10

Fri Jul 10, 2015 7:26am EDT
 
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July 10 (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

** Vancouver-based Teck Resources Ltd is delaying the planned startup of its multibillion-dollar Frontier oil sands mine by at least five years, until 2026, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector. (bit.ly/1KU2E3H)

** The International Monetary Fund has slashed its projection for Canadian economic growth this year. In its quarterly World Economic Outlook update released Thursday morning, the IMF forecast that Canada's real gross domestic product would grow just 1.5 percent this year, down sharply from 2.2 percent in its April outlook. (bit.ly/1KU2JUW)

** After reporting yet another quarter of steep losses, Postmedia Network Canada Corp's leaders were publicly scolded Thursday by high-profile investor Conrad Black, the former proprietor of some of Postmedia's newspapers. Postmedia reported its first public numbers since acquiring 175 Sun Media newspapers, specialty publications and digital assets from Quebecor Inc. Excluding the new assets, the company reported a 13.5-per-cent drop in revenues, including another year-over-year plunge in print advertising revenues. (bit.ly/1ScMEZB)   Continued...