PRESS DIGEST – Canada – May 13

May 13 (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:

– Former Liberal defence minister Bill Graham is
acknowledging an agreement signed under his watch to protect
detainees handed to rough Afghan jailers was flawed and should
have included better follow-up monitoring for torture.

Graham’s appearance before the Commons committee probing
the detainee controversy Wednesday marked the first time a
high-ranking member of the former Liberal government agreed to
talk to MPs about its role in setting up the problem-plagued
handover process. – Montreal police regained control of the
downtown core early Thursday after firing tear gas at hundreds
of bottle-tossing youth, many of whom looted businesses
following a stunning playoff victory by the Canadiens.

The vandalism occurred after the area crammed with tens of
thousands of jubilant hockey fans had mostly emptied out
following the Habs’ Game 7 win over the Penguins in Pittsburgh.

BUSINESS SECTION:

– Crescent Point (CPG.TO: ) is paying C$1.1 billion to snap
up Shelter Bay Energy Inc, a deal that will see it bring into
its fold more land in Saskatchewan’s much-desired Bakken
region. The company also announced a bought-deal financing
worth C$375 million.

NATIONAL POST: – Quebec Language Minister Christine
St-Pierre said on Wednesday she is still working on her bill to
answer a Supreme Court of Canada ruling that declared
unconstitutional a law to limit transfers to public
English-language schools in Quebec.

Under Quebec legislature rules, Wednesday was the last day
to give notice of the bill to ensure its adoption before the
national assembly recesses on June 12.

FINANCIAL POST: – What could have been an epic showdown at
a posh Yorkville hotel Wednesday between independent studio
giant Lions Gate Entertainment Corp (LGF.N: ) and billionaire
activist investor Carl Icahn instead became, in Icahn’s words,
a “waste of money and a non-event.”

Icahn didn’t make an appearance at the company’s
shareholder meeting, which lasted a mere 18 minutes and saw 56
of holders in the niche movie studio approve a poison-pill
defence plan aimed at stopping the famous corporate raider from
mounting a hostile takeover of Lions Gate.

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PRESS DIGEST – Canada – May 13