PRESS DIGEST – Canada – Dec 23

Dec 23 (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:

– At a time when most government agencies are cutting and
slashing, a little-known spy agency led by a Rhodes Scholar is
the envy of Ottawa for its planned billion-dollar headquarters.

– Canada’s former environment minister Jim Prentice
privately told U.S. Ambassador David Jacobson more than a year
ago that he was prepared to impose new regulations on the oil
sands if the industry and province did not improve their
environmental performance, newly released Wikileaks documents
reveal.

BUSINESS:

– Two major Canadian companies are grappling with the
potential fallout from a global deal that aims to level the
playing field on export subsidies for commercial aircraft.

– Canada’s household debt burden, now as heavy as that of
the United States, represents a significant threat to the
country’s economic recovery, the International Monetary Fund
says.

NATIONAL POST:

– Canada’s population in the third quarter of 2010 was
driven forward by the highest immigration rates seen in four
decades, Statistics Canada says.

– Mohawks on the Kahnawake reserve near Montreal say they
are happy the Canadian Forces are planning to apologize for
calling the Mohawk Warrior Society an insurgent group.

FINANCIAL POST:

– ArcelorMittal SA (ISPA.AS: ) says it won’t extend its $407
million friendly takeover bid for Baffinland Iron Mines Corp
(BIM.TO: ) beyond the expiry date of Dec. 29.

– Alberta’s finance department is warning of dire
consequences, including a clash of competing jurisdictions
governing the country’s capital markets, if the Supreme Court
of Canada gives Ottawa the go-ahead to create a national
securities regulator.

PRESS DIGEST – Canada – Dec 23