PRESS DIGEST – Canada – Feb 18

Feb 18 (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:

– As their domination of the Senate comes to an end, the
Liberals are set to call for major changes to the RCMP in a
“position paper” that the Conservatives are already depicting
as anti-Mountie.

In what is likely his last stint as the chair of the Senate
committee on national security, Liberal Senator Colin Kenny and
his colleagues will offer their remedies for what ails the
national police force.

– Ottawa’s battling to rein in record deficits, but there’s
a bigger problem at play that will make life even more
miserable for politicians and taxpayers: Canada’s aging
population.

Parliamentary budget watchdog Kevin Page is releasing a
report Thursday that warns it’s not good enough for Ottawa to
simply balance the books because of the increasing squeeze
Canada’s greying ranks will place on coffers.

BUSINESS SECTION:

– As skiers fly down Whistler’s slopes, a leading U.S.
resort company is making a play for ownership control of the
prized Whistler Blackcomb mountain, site of the Olympic ski
events.

– A rush of home buyers trying to beat higher taxes and
tighter mortgage regulations could pump up the housing market
just as it’s showing signs of cooling.

The real estate market pulled back slightly in January
after its record run, although both sales and prices were up
sharply from the depressed levels of a year ago.

– Private land lease deals are booming in Alberta, as oil
and gas companies rush to pick up property ahead of
much-anticipated royalty cuts in the province.

After years of watching British Columbia and Saskatchewan
suck away a key source of provincial revenue, Alberta has seen
money from Crown land leases stage a strong return in recent
months, with a landmark sale last week fetching a record
$31,294.87 per hectare for several particularly appealing
properties.

FINANCIAL POST:

– The high monthly prices that made cellphones prohibitive,
or at least deterring to own for a third of Canadians, are
coming down, in part a reflex toward new competitive threats,
while the penetration rate has risen sharply.

– The Conservative government sent a message Wednesday to
those people who say the only way to return the federal budget
to balance is to increase taxes: It is sharpening its knife for
spending cuts.

– Kinross Gold Corp (K.TO: ) has cut a deal to sell 25
percent of the Cerro Casale deposit to Barrick Gold Corp
(ABX.TO: ), giving it some extra capital to play with and
lowering its exposure to a gigantic project that has faced
major cost-overruns.

Investment Basics

PRESS DIGEST – Canada – Feb 18