PRESS DIGEST – Canada – May 27

May 27 (BestGrowthStock) – The following are top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.


– His followers have been ousted from the streets of
Bangkok and he now faces charges of terrorism that could lead
to the death penalty, but Thailand’s fugitive former Prime
Minister Thaksin Shinawatra says the Red Shirt struggle against
the government of Prime Minister Abhisit Vejjajiva is not over,
and warns it could get more violent yet.


– Royal Bank of Canada (RY.TO: ) profit rose 40 per cent to
C$1.3 billion in the most recent quarter compared to last year,
but a strong Canadian dollar undermined earnings from
international operations.

The rising Canadian currency reduced Royal Bank’s revenue
from international divisions such as investment banking and
money management by C$534 million, and cut profit by C$82

– Apple (AAPL.O: ) is now the world’s largest technology
company, after overtaking Microsoft (MSFT.O: ) in market
capitalization Wednesday.

The financial scorecard – a $222.1 billion market value for
Apple versus $219.2 billion for Microsoft – marks a symbolic
changing of the guard.


– The federal Conservatives say they have a new plan to
provide more details about MPs’ expenses.

Jay Hill, the government House leader, said the plan was
agreed to by the Conservative caucus Wednesday morning and that
he will ask MPs from other parties to sign on to that plan.

– The United Nations’ refugee agency has dismissed the
Conservative government’s controversial proposal to deny
refugee claimants from “safe” countries the right to appeal if
their applications are rejected.

The agency’s stand was cheered by refugee advocates who say
claimants should be judged on the merits of their individual
cases, as opposed to where they come from.

FINANCIAL POST – The federal government has tabled
legislation to create a national securities regulator that, it
says, can act swiftly and aggressively, much like U.S.
authorities do, against sophisticated white-collar crime.

But as envisaged, the single regulator won’t be up and
running for a while — at least another two to three years, the
government acknowledged.

– Bank of Canada Governor Mark Carney got some free advice
ahead of his interest-rate decision next week, as the
Paris-based OECD advocated the central bank start hiking its
benchmark rate before inflation gets too unwieldy.

The advice was part of the Organization for Economic
Co-operation and Development’s latest economic outlook, which
warned developed economies to begin the process of
budget-cutting and removing exceptional policies that were
designed to pump up economic growth at the peak of the
financial crisis.

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PRESS DIGEST – Canada – May 27