PRESS DIGEST – Canada – June 4

June 4 (BestGrowthStock) – The following are top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.


– The Harper government is expected to launch consultations
on scaling back foreign investment limits – changes that could
shake up the future of Canada’s $41 billion telecom industry.

Telecom sector sources anticipate the process could be
kicked off as early as Monday, when Industry Minister Tony
Clement is scheduled to deliver a keynote address at the
Canadian Telecom Summit in Toronto. It’s a major annual event
for the sector.

– Canada’s health minister says vaccination is a provincial
matter and washed the federal government’s hands of
responsibility for the low H1N1 inoculation rates in provinces
west of Quebec.


– Canada’s resale housing boom has run out of steam. After
a year of solid gains, monthly sales in major cities took their
first step back in May as the threat of higher mortgage rates,
tighter qualification rules and a flood of new listings took
the pressure off buyers to rush into the market.

– Two of Canada’s largest institutional shareholders have
launched a public battle against an $863 million deal for Frank
Stronach to give up control of auto parts giant Magna
International (MGa.TO: ), arguing the deal is “offensive” and


– In a sweeping gesture to honour veterans and fallen
soldiers, the city of Toronto is designating the Don Valley
Parkway — where the flag-draped caskets of all soldiers killed
in Afghanistan travel when returning to Canada — as the “Route
of Heroes.”


– The latest economic data from south of the border has
signalled the U.S. “V-shaped” recovery is stalling out, an
economist warned Thursday.

In a research note, Derek Holt with Scotia Capital said the
latest growth figures for both the manufacturing and service
sectors are worrisome.

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PRESS DIGEST – Canada – June 4