PRESS DIGEST – Canada – April 19

April 19 (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:

– Ontario’s largest cash-strapped school boards squandered
$16.7 million in the last academic year by enabling retirees to
pad their pensions with supply-teaching work rather than hiring
new teachers, a Globe and Mail investigation has found.

– Volcanic ash from a massive plume drifting over Europe
may be headed all the way to Newfoundland and that has caused
many flights out of St. John’s to be cancelled for Monday
morning.

BUSINESS SECTION:

– The air travel suspension in much of Europe threatens to
spread more economic damage through economies still struggling
to emerge from the brutal recession.

In Britain, the biggest supermarket chains said some fresh
foods will go missing from shelves as imports from Africa and
Asia can’t make it in. And logistics companies warned that the
freight logjam could hurt manufacturers that rely on steady air
cargo deliveries.

– Toyota Motor Corp (7203.T: ) is expected to agree to a fine
of more than $16 million, the largest government penalty levied
against an automaker, for a four-month delay in telling federal
authorities about defective gas pedals on its vehicles, a
Transportation Department official said on Sunday.

NATIONAL POST:

– About 120 people turned up on Saturday afternoon outside
Montreal City Hall to express their opposition to Bill 94,
saying the legislation reflects cultural xenophobia and has no
place in Quebec society.

The legislation, which would predominantly affect women who
wear the Islamic niqab or burka, would require public
employees, education and health workers to have their faces
uncovered at all times.

– As it nears its goal of expanding the Forces, the
Canadian military says it will cut back on its recruiting
staff. Defence sources say the Canadian Forces recruiting group
has been told to cut $6 million by next year.

FINANCIAL POST:

– The Bank of Canada is not expected to raise interest
rates at its scheduled announcement this coming Tuesday, but it
might provide clarity on its intentions on whether it will act
earlier than previously planned.

The central bank’s overnight lending rate has been set at a
record-low 0.25 per cent since last April, when it took
unprecedented steps to mitigate the impact of the recession.

Stock Report

PRESS DIGEST – Canada – April 19