PRESS DIGEST – Canada – Jan 29

Jan 29 (BestGrowthStock) – The following are top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.


– The Canadian military has ordered a formal investigation
into how a critical report on the beating of an Afghan prisoner
remained buried at National Defence headquarters.

– Canadian Prime Minister Stephen Harper will pad the five
vacancies in the Senate on Friday with Conservative appointees,
tilting the balance of power towards his party and gaining an
upper hand in upcoming legislative battles.

– Canada will donate 5 million doses of H1N1 vaccine to the
World Health Organization as demand drops off among Canadians
and flu activity slows down in the country.


– Canadian Natural Resources Ltd (CNQ.TO: ), the country’s
biggest independent oil explorer, is teaming with a smaller
partner to build a technologically advanced upgrading plant
near Edmonton aimed at reducing its carbon emissions.

– Canadian Oil Sands Trust (COS_u.TO: ), which holds the
largest stake in the Syncrude Canada Ltd partnership, said
Thursday its fourth-quarter profit (Read more your timing to make a profit.) fell 23 per cent despite
strengthening oil prices as it wrote down the value of some
Arctic gas fields.


– Potash Corp of Saskatchewan (POT.TO: ) Chief Executive Bill
Doyle said BHP Billiton’s (BHP.AX: ) (BLT.L: ) C$341-million deal
to buy junior miner Athabasca Potash Inc (API.TO: ) is “quite
perplexing” because potash prices are not high enough to
justify building a new mine in Saskatchewan.

– Canadian ski resort operator Intrawest, in a last-ditch
attempt to stave off foreclosure at the hands of creditors,
agreed to sell its Panorama Mountain Village resort to a group
of locals and business owners.


PRESS DIGEST – Canada – Jan 29