March 12, 2018 / 11:15 AM / a year ago

PRESS DIGEST- Canada-March 12

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


** Risks are building in Canadian credit markets, states a new report from The Bank for International Settlements which is raising early warning signs about the potential for stress in the country's banking system.

** Norwegian Air, the low-cost long-haul airline that has shaken up travel between Europe and the Americas, is planning to offer flights to Canada in July, part of a new push by European carriers to grab a share of the Canadian market.

** China's restrictions on foreign real estate purchases sharply slowed Chinese investment in Canadian offices, hotels and other large properties late last year – even before Beijing's dramatic seizure of Anbang Insurance Group Co Ltd, whose buying spree had driven up prices.


** Barely a month ago, businessman Doug Ford was planning to run for mayor of Toronto. But on Sunday, Ford began his first full day as chief of Ontario's Progressive Conservative party, having narrowly triumphed Saturday in a chaotic PC leadership race, municipal politics left far behind.

Compiled by Bengaluru newsroom

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