PRESS DIGEST – Canada – April 13

April 13 (BestGrowthStock) – 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:

BUSINESS SECTION:

– State-controlled Sinopec is spending $4.65-billion to
become the first Chinese multinational to buy a direct stake in
a major producing oil sands project, paying a rich premium for
ConocoPhillips Co’s (COP.N: ) 9 percent stake in Syncrude Canada
Ltd.

The deal represents the next stage in Chinese investment in
the oil sands, as Beijing-controlled companies scour the globe
for energy resources and look to diversify the country’s
growing imports away from the Middle East.

– Ottawa said it will allow U.S. online bookseller
Amazon.com Inc (AMZN.O: ) to set up its own distribution center
in Canada, a second major move in recent months by the federal
government to effectively override foreign-ownership rules.

NATIONAL POST:

– The World Health Organization acknowledged that it did a
poor job of communicating the uncertainties about the H1N1
virus, which then caused confusion among the public.

– Toronto hospitals have seen a one-third drop in the
number of patients with heart and respiratory problems since
the city introduced harsh antismoking laws nearly a decade ago,
according to a study released Monday.

FINANCIAL POST:

– The Toronto Stock Exchange declined Monday for the first
time in three days despite the European Union’s confirmation of
an aid package for Greece and a $4.65-billion transaction
involving the Canadian oilsands.

– A record number of Canadian companies plan to hike their
prices over the next year, says a Bank of Canada survey — a
sign a textbook recovery is unfolding but also a signal to the
central bank that inflation expectations are heating up.

Stock Market Basics

PRESS DIGEST – Canada – April 13