July 29, 2015 / 11:40 AM / 2 years ago

PRESS DIGEST-Canada - July 29

3 Min Read

July 29 (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

** Canada has begun discussions with the United States on allowing more foreign dairy products into the Canadian market - among the thorniest issues for Ottawa at the Pacific Rim trade talks, which have entered their final stretch this week in Hawaii. (bit.ly/1JRlAud)

** Hydro One Inc has reinstated full authority to its board of directors, following allegations that the Ontario government's move to strip the board of its power during the planned sale of the utility violated securities laws. (bit.ly/1D7aTqK)

** The Alberta Utility Commission's conclusion that TransAlta Corp triggered outages at power plants to raise electricity rates is a welcome step toward fair markets, the head of the province's utility watchdog said on Tuesday. (bit.ly/1KxPj16)

National Post

** The largest companies in Alberta are beginning to account for the recent increase in corporate taxes - and the hike is taking a big bite out of their earnings. On Tuesday, Husky Energy Inc reported a one-time charge of $157 million as a result of the province's new tax rates and MEG Energy Corp increased its deferred income tax liability by $11.4 million. (bit.ly/1JRp001)

** Hedge fund manager Zachary George's FrontFour Capital Corp is suing Lightstream Resources Ltd, a struggling light oil company where John Wright is the president and CEO, for cutting George out of a private debt deal. (bit.ly/1MxiUIf)

** The City of Detroit has agreed to make a deal that will help a controversial local company develop a privately owned U.S.-Canada bridge that will compete with a new bridge being planned and backed by the Canadian government. Detroit city councillors voted seven-to-two in favor of the deal with the Detroit International Bridge Co on Tuesday. (bit.ly/1DOm7Lz) (Compiled by Mansi Goenka in Bengaluru)

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