December 7, 2016 / 11:51 AM / 2 years ago

PRESS DIGEST- Canada - Dec 7

Dec 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Alberta Premier Rachel Notley said environmental and indigenous opponents of the Kinder Morgan pipeline expansion have a legitimate right to protest, but they do not hold a veto over the project and can't kill it.

** An Ontario Securities Commission proposal to require financial advisers to act in the best interests of their clients could push investment firms away from offering traditional investment-advisory services if the new standard is too difficult to implement, industry officials warn.

** Canadian banks have navigated through weak economic growth, low interest rates and a depressed energy sector with their profits intact, but one big threat remains: the domestic housing market.


** Canada's telecommunications regulator is eliminating roles at its seven regional offices and consolidating some services at its National Capital Region headquarters in a push toward "digital first."

** Bank of Montreal beat market expectations when it reported an 11 percent jump in net profit for the fourth quarter, helped by growth in all segments.

** A motion from the Senate Conservative leader Claude Carignan - backed by government representative Peter Harder, Liberal leader Joseph Day and Independent Senators Group coordinator Elaine McCoy - seeks to add new independent members to committees, where a substantial amount of the Senate's work takes place. (Compiled by Vishal Sridhar)

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