November 3, 2016 / 11:12 AM / 2 years ago

PRESS DIGEST- Canada-Nov 3

Nov 3 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** GMP Capital's chief executive officer says the company is facing "good dilemmas" as it weighs its options about the future of its roughly 30 percent stake in high-net-worth asset manager Richardson GMP Ltd.

** The world's largest financial companies, including Canada's major banks, are going to embrace blockchain technology to retool their post-trading processes for investors over the next decade, allowing them to complete securities trades more quickly and at a lower cost, according to blockchain specialist Blythe Masters, chief executive officer of Digital Asset Holdings LLC.

** Dominic Barton, who heads Ottawa's Advisory Council on Economic Growth, said Canada lags far behind many countries in taking advantage of private financing to help fund large-scale projects, adding that infrastructure needs in Canada far exceed the capacity of governments to pay for them alone.


** Fewer people are buying homes in Vancouver because of rapidly changing market conditions, partially brought on by government regulation, according to a report by the Real Estate Board of Greater Vancouver.

** The Canadian federal government is set to raise foreign ownership levels for domestic airlines, a move that could spark the creation of ultra low-cost domestic carriers. The moves are part of a suite of initiatives to be announced Thursday in Montreal by Canadian Transport Minister Marc Garneau. (Compiled by Parikshit Mishra in Bengaluru)

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