July 20, 2015 / 11:24 AM / 3 years ago

PRESS DIGEST- Canada-July 20

July 20 (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 Canadian unit of United States Steel Corp says it wants the Ontario Superior Court to approve Brookfield Capital Partners Ltd as the provider of debtor-in-possession financing, replacing its parent company. (bit.ly/1HEhEid)

** The federal election campaign isn't expected to officially start until September, but Monday's delivery of C$3 billion ($2.31 billion) in government cheques to millions of parents may be the real kickoff. Conservative cabinet ministers and MPs are fanning out across the country to tout the government's recently enhanced universal child-care benefit. (bit.ly/1JbgBsu)

** Farmers across almost two-thirds of Alberta are coping with some of the driest conditions in decades, and two of the province's counties have declared states of agricultural disaster. Unless a significant amount of rain falls in the coming months, it could take years for the parched soil to recover. (bit.ly/1TLJVsD)


** If Canada's housing market is too overvalued, as observers from the Bank of Canada and the IMF believe, Home Capital Group Inc might be highly vulnerable to a potential slip in market stability. (bit.ly/1CJKK19)

** Canada's premiers have announced a national energy strategy supporting both project development and the need for emission cuts. A communique released Friday after provincial and territorial leaders met in St. John's, Newfoundland and Labrador, said the plan helps set energy priorities and "encourage the transition to a lower carbon economy." (bit.ly/1KfQCSb)

$1 = 1.2995 Canadian dollars Compiled by Zara Mascarenhas in Bengaluru

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