PRESS DIGEST – Canada – Nov 2

Nov 2 (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:

– The Conservative government is walking a delicate
political path as details emerge of the plea agreement between
Omar Khadr and the U.S. government – a deal in which Canada
played an integral role.

Foreign Affairs Minister Lawrence Cannon confirmed in the
House of Commons Monday that the government “will implement the
agreement that was reached between Khadr and the government of
the United States,” which will see Khadr return to Canada as
early as a year from now.

BUSINESS SECTION:

– Investment Canada has recommended approval of a hostile
foreign takeover bid for Potash Corp (POT.TO: ) of Saskatchewan,
leaving Prime Minister Stephen Harper to decide on a deal that
could trigger a political fight in a key Conservative
stronghold.

BHP Billiton Ltd (BHP.AX: ) concluded negotiations on the
weekend with Investment Canada, and satisfied officials that
the Australian firm met a “net benefit” test, meaning the $38.6
billion deal will have a positive economic impact, according to
people familiar with the situation.

NATIONAL POST:

– A Southern Alberta native chief has cancelled a band
election set for next month, extending his term by two years
and provoking a protest blockade of the road into a reserve
west of Calgary.

Residents of the Eden Valley Reserve set up a peaceful
blockade of the bridge leading into the community last week,
angered by an Oct. 14 band council resolution that would extend
the term of David Bearspaw as Chief of the Bearspaw First
Nation until 2012.

FINANCIAL POST:

– Investment Canada has given a tentative go-ahead to BHP’s
controversial takeover of Potash Corp of Saskatchewan.

Conservative insiders say the departmental recommendation
sent to the Prime Minister’s desk is a yellow light – strings
are attached – to the government’s approval of the $40 billion
hostile takeover of the world’s largest potash mining operation
by an Australian corporation.

PRESS DIGEST – Canada – Nov 2