PRESS DIGEST – Canada – Aug 27

Aug 27 (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 ambitious multi-million dollar Canadian project to
identify hundreds of genes essential to communication between
brain cells has led to the discovery that random mutations not
inherited from either parent play a role in schizophrenia.

The scientists also found the same kind of genetic glitches
in patients with autism, which adds to the growing
understanding of the genetic overlap between the two disorders.

– The Canadian citizens accused of belonging to an Ottawa
terrorist cell allegedly planned to fund the purchase of
weapons for Canada’s enemies in Afghanistan and had been
trained to launch Afghan-style IED attacks in the Canadian
capital.

Had such a plot succeeded, it would have brought Canada’s
Afghan war home with murderous effect.

BUSINESS SECTION:

– China is emerging as the pivotal player in discussions
around a bid for Potash Corp (POT.TO: ) that would be rich enough
to rival giant miner BHP Billiton Ltd’s $38.6 billion hostile
offer.

– In its dispute with the government of India, Research In
Motion (RIM.TO: ) is betting there is safety in numbers.

With only five days left to reach an agreement before the
country bans its flagship services, the BlackBerry maker is
reaching out with a last-minute compromise that would allow it
to continue operating in one of the world’s fastest growing
wireless markets — a key piece of RIM’s international
expansion strategy.

NATIONAL POST:

– Alcohol and gambling revenues are fuelling Alberta’s
government, outstripping oil and gas.

Combined, the two vices are expected to generate about C$2
billion for provincial coffers in the current budget year —
roughly C$1.3 billion from gaming and lottery revenue and
nearly C$700 million from liquor.

– The Liberals are vowing to bring the census battle to the
House of Commons in September by tabling a bill to reinstate
the long-form census and remove the threat of jail time for not
completing a questionnaire.

FINANCIAL POST:

– A pile-up of weak U.S. economic data has turned investor
sentiment from bad to worse over the past two weeks, and as
fears of a double dip recession mount global equities have
tumbled.

But as bond yields also fall, further highlighting the
market’s growing pessimism, so-called “smart money” managers
remain less convinced the recovery is in jeopardy.

– Royal Dutch Shell PLC (RDSa.L: ) believes it has invented a
system that will dramatically speed up the process of cleaning
up tailings ponds — the toxic waste pools necessary to mine
Alberta’s oil sands — and is willing to give the blueprints
away to anyone, competitors included, for free.

PRESS DIGEST – Canada – Aug 27