February 13, 2014 / 10:34 AM / in 4 years

PRESS DIGEST-Canada-Feb 13

Feb 13 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* A crackdown on fake transit passes has resulted in dozens of arrests and almost 200 criminal charges. Most of those arrested were charged with knowingly using fake Metropasses, but seven are accused of selling them. ()

* There was some light rumbling under Lake Ontario late Wednesday caused by a minor earthquake. The U.S. Geological Survey says the 2.9 magnitude quake happened just before midnight, 40 kilometres southwest of Cobourg, Ontario. ()

Reports in the business section:

* Chrysler Group LLC is proposing a major $3.6-billion retooling of not one but two Canadian auto plants as it enters high-stakes negotiations with the federal and Ontario governments for financial assistance. ()

* Husky Energy Inc said it sold one million barrels of Canadian oil to Indian Oil Corp, a state-owned refinery, in late 2013, a move that boosts the company’s ability to capture world pricing and helps open the door for more Canadian producers to ship crude to Asia. ()


* Two teenage boys were charged in Quebec Wednesday with first-degree murder and conspiracy in the deaths of two young sisters, aged 17 and 22, and the teenage boyfriend of the younger sister. ()

* Finance minister Jim Flaherty made a deliberate decision to unfairly shortchange Ontario to the tune of $641 million in the federal budget, Premier Kathleen Wynne charged Wednesday. ()


* The U.S. federal budget has closed a loophole offering a shortcut to wealthy foreign investors, which may impact Canada’s luxury housing markets in Vancouver and Toronto, already impacted by changes in immigration policy. ()

* Kinross Gold Corp surprised investors on Wednesday by slashing its gold reserves by a staggering 33 percent as it focuses on mining high-grade ounces in a low-price environment.

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