PRESS DIGEST- Canada- Oct 2
Oct 2 (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
** National Bank of Canada announced job cuts and a new share offering, in a surprise move that acknowledged volatile markets and shifting consumer preferences for the way they conduct regular banking. The bank said the share offering would raise C$300 million ($226.53 million), providing a cushion to regulatory requirements that mandate how much capital a bank must hold. (bit.ly/1P8IhAJ)
** Repsol SA, the Spanish oil company that took over Calgary-based Talisman Energy Inc this year, is cutting 1,500 jobs as it seeks to reshape itself against a backdrop of depressed world oil prices. Repsol did not say how many of the cuts will be in Canada. The staff reductions, to be made over three years, represent almost 6 percent of the company's global work force. (bit.ly/1P8Inbv)
** A Chinese-owned mine in northeastern British Columbia has passed another hurdle toward opening its controversial coal project. British Columbia's government has granted an environmental assessment certificate to HD Mining International Ltd for the Murray River Coal project, near Tumbler Ridge. (bit.ly/1P8Ipju) Continued...