December 12, 2013 / 10:53 AM / 4 years ago

PRESS DIGEST-Canada - Dec 12

Dec 12 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* Ontario Premier Kathleen Wynne is seeking her legislature’s blessing for an expansion of the Canada Pension Plan in a final push ahead of a crucial federal-provincial meeting next week. ()

* First Nations leaders in British Columbia are seeking multibillion-dollar loan guarantees from the federal government to enable them to take ownership stakes in various liquefied natural gas projects being planned in the province, and have also traveled to China and Japan looking for backers. ()

Reports in the business section:

* Canada Post’s decision to raise stamp prices and shift to community mailboxes has sent shivers through small businesses and home offices. The mail carrier unveiled a series of changes on Wednesday aimed at reversing its losses, including phasing out urban home delivery and cutting between 6,000 and 8,000 jobs. ()

* Shopify Inc has become Canada’s first internet startup since the dot-com crash to reach a billion-dollar valuation, thanks to one of the largest venture financings in Canadian history. ()

* A spokesman for TransCanada says the company is looking to address concerns raised by the mayor of Edmundston about the route for the Energy East pipeline project. ()


* The governing Liberals confirmed on Wednesday that ousted Ornge CEO Chris Mazza collected $9.3 million over six years at Ontario’s publicly funded air ambulance service. ()

* Police Chief Bill Blair flatly denied any suggestion that a probe into Toronto Mayor Rob Ford’s dealings was payback for past budget cuts, before facing questions at a meeting of the budget committee on Wednesday that did not produce anticipated fireworks. ()


* Toronto-Dominion Bank surpassed Royal Bank of Canada as Canada’s largest lender by assets for the first time after a decade-long expansion in U.S. consumer lending. ()

* The Canadian economy is forecast to lag that of the United States in 2014, even as exports and business investment begin to recover next year. That’s the new outlook from CIBC World Markets, which expects the Canadian economy to grow by 2.3 percent in 2014, compared with a forecast of 3 percent for the United States. ()

* The head of Canadian National Railway Co says he understands public concern about the movement of dangerous goods by rail through urban centers in the aftermath of the Lac-Megantic disaster last summer. But Claude Mongeau said it would be impractical to reroute the shipments elsewhere because many of those goods are integral to the way Canadians live. ()

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