PRESS DIGEST – Canada – April 16

April 16 (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:

– An enormous ash cloud from a remote Icelandic volcano
caused the biggest flight disruption since the 2001 terrorist
attacks as it drifted over northern Europe and stranded
travelers on six continents. Officials said it could take days
for the skies to become safe again in one of aviation’s most
congested areas.

– Two powerful bombs rocked the southern Afghan city of
Kandahar, killing three foreigners and three Afghan soldiers,
according to President Hamid Karzai’s half brother.

– Vancouver paid close to $600 million for its part in the
Olympic Games, according to a city report.

BUSINESS SECTION:

– The Ontario government has set its sights on landing a
Volkswagen AG engine or transmission plant as a way of tapping
tens of billions of dollars that global auto makers will invest
during the next five years to meet stringent new North American
fuel economy rules.

Volkswagen is about one year away from starting production
at an assembly plant it is building in Chattanooga, Tenn, but
is expected to add new engine and transmission facilities later
to supply the 150,000 vehicles that will be made there
annually.

– Billionaire activist shareholder Carl Icahn on Thursday
said he raised his offer for Lions Gate Entertainment Corp
(LGF.N: ) to $7 a share from $6 a share.

NATIONAL POST:

– Kurmanbek Bakiyev, the ousted Kyrgyzstan president, fled
the country on Thursday and a government source said he had
quit, a week after an uprising against his five-year rule
sparked fears of a civil war. Bakiyev’s sudden departure for
neighbouring Kazakhstan ended days of turmoil that disrupted
U.S. troop flights through its Kyrgyz airbase to operations in
Afghanistan.

– The federal government will provide an additional $15
million in funding to four of Canada’s national museums,
Canadian Heritage Minister James Moore announced.

FINANCIAL POST:

– The country’s big communications firms presented a
unified front during parliamentary hearings into whether Ottawa
should lift foreign-ownership restrictions in the telecoms
sector as a way to promote competition, enhance services and
create jobs.

Canada’s big three integrated telecoms, Rogers
Communications Inc (RCIb.TO: ), BCE Inc (BCE.TO: ), and Telus Corp
(T.TO: ) told parliamentarians that if they insisted on meddling
in the sector, it must be done in a “symmetrical” fashion.

Stock Investing

PRESS DIGEST – Canada – April 16