June 3, 2011 / 10:16 AM / in 6 years

PRESS DIGEST - Canada - June 3

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

THE GLOBE AND MAIL:

The Harper government’s plan to enlarge the House of Commons has touched a raw nerve with Jean Charest’s Quebec government, even as Western premiers praise the idea.

Winnipeg’s postal workers will continue to walk the picket lines as their union representatives meet with senior Canada Post management officials later Friday.

Report on Business Section:

Three years after the start of the financial crisis, U.S. prosecutors and regulators are mounting a new push to examine Wall Street’s role in the meltdown.

A sensational set of allegations against Sino-Forest Corp. sent the shares of Canada’s largest publicly traded forestry company into freefall, prompting regulators to halt trading while investors waited for the company to say something in its defence.

NATIONAL POST

The Canadian military is in talks to establish a permanent presence in up to seven foreign countries, marking the first time since the end of the Cold War Canada has aimed to expand its military reach.

The federal government has handed out dozens of layoff notices ahead of announcing its budget next week that hopes to trim a projected $30-billion deficit. The layoffs involve five curators positions at the National Gallery of Canada and 50 contract employees, mostly scientists, at Environment Canada.

Financial Post section:

Montreal’s Stella-Jones Inc. , North America’s leading supplier of wood rail ties and other treated lumber products, raised its semi-annual dividend Friday by 20 percent to 24¢ a share on the strength of its fourth quarter and 2010 results.

Progress Energy Resources Corp said it will sell half of its working interest in a North Montney joint venture to Malaysia’s state oil firm Petronas for C$1.07 billion to develop its large shale assets in British Columbia.

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