December 11, 2013 / 10:35 AM / 4 years ago

PRESS DIGEST-Canada - Dec 11

Dec 11 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* Millions of visitors to Canada would be charged a new fee under a proposed electronic security screening plan. The federal government is soliciting public comment on the plan to introduce online travel applications as a part of the sweeping perimeter security pact with the United States. ()

* As British Columbia Mines Minister Bill Bennett heads to Ottawa this week to make an impassioned pitch for the proposed New Prosperity copper-gold mine near Williams Lake, he is facing questions about his government’s rejection of another, smaller open-pit project in a different part of the province. ()

Reports in the business section:

* Canada Goose Inc, the wildly successful company behind the ubiquitous high-end parka, has sold a majority stake to U.S. private equity giant Bain Capital in a move that allows it to aggressively push into new markets in the United States and overseas in places such as South Korea. ()

* A wave of Canadian companies has shifted into job-cut mode as competitive pressures, weaker commodity prices and the perception Canada is a costly place to do business dent confidence. ()

* Talisman Energy Inc said on Tuesday that it has reached a deal to sell its stake in a pipeline in Colombia, although at a lesser price than some analysts expected the company to fetch. Talisman will sell its 12 percent interest in the Ocensa pipeline for $595 million. ()


* Ontario Power Generation immediately fired three executives on Tuesday following the release of a damning auditor-general report accusing the utility of unnecessarily driving up electricity prices through rampant nepotism, high labor costs and one of the province’s most generous public-sector pension plans. ()

* Toronto’s budget chief, Frank Di Giorgio, wants to cut all home buyers a break on the municipal land transfer tax at the expense of those trying to break into the real estate market for the first time. ()


* Air Canada said on Tuesday that it would be expanding its relationship with Air Georgian by awarding its regional affiliate several new U.S. cross-border routes that were previously flown by Chorus Aviation Inc. ()

* The threat to Canada’s financial stability has eased for the first time in two years, but risks are never far away. A resurgent domestic housing market and large consumer debt, aided by still-tantalizingly low interest rates, remain major concerns to government and monetary officials. ()

* Intense lobbying by senior Canadian officials including federal Finance Minister Jim Flaherty and former Bank of Canada governor Mark Carney has successfully blunted far-reaching implications for the country’s largest banks from the biggest overhaul of financial regulation in the United States since the Great Depression. ()

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