PRESS DIGEST – Canada – July 14

July 14 (BestGrowthStock) – The following are top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.


– Canadian universities are turning to the private sector
to solve their campus housing problems.

The University of Toronto has quietly set a plan in motion
that would see a new 30- to 40-storey residence built next to
its downtown campus and funded by a private equity firm, which
would make it the first university in Canada to erect a large
tower offsite with private money.

– British Columbia Mining Minster Bill Bennett is deriding
those who want to turn the Flathead Valley into a national park
as “urban-based enviro’s” and eco-fascists in an e-mail missive
that urges his constituents to lobby Ottawa to turn down any
request for such a park.


– Regulators are moving to oversee credit rating agencies
in Canada, widening the mandate of the watchdogs and slapping
national rules on the sector for the first time.

The Canadian Securities Administrators, an umbrella group
of provincial regulators, is expected to announce Friday new
measures to toughen the accountability and transparency of the
agencies, which came under fire after securities that investors
believed were safe bets became frozen during the financial

– Eric Sprott is stepping down as chief executive officer
of the money-management business he founded, a move the famous
investor expects will give him more time to spend running the
firm’s funds. To take over as CEO, Sprott Inc (SII.TO: ) has
hired Peter Grosskopf.


– The country’s largest big-city newspaper chain is under
new ownership and management, and headed in a new direction.

Postmedia Network Inc, the organization led by Paul Godfrey
and backed by U.S. private-equity player Golden Tree Asset
Management among other investors, took full control of the
venerable chain Tuesday, announcing the completion of a $1.1
billion transaction with Canwest Global Communications Corp.


– Ivanhoe Mines Ltd (IVN.TO: ) and Rio Tinto Ltd (RIO.L: )
(RIO.AX: ) continue to make separate strategic moves regarding
Oyu Tolgoi, leaving the future ownership structure of the
prized mining project impossible to predict.

PRESS DIGEST – Canada – July 14