PRESS DIGEST – Canada – Nov 4

Nov 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 GLOBE AND MAIL:

– A caucus rebellion among B.C. Liberals has pressured
Premier Gordon Campbell to quit abruptly, leaving his party in
disarray and casting even more doubt on the future of his
controversial harmonized sales tax.

Campbell, Canada’s longest serving premier, with a decade
in office, was riding high in the reflected glow of the Olympic
Games just eight months ago. But he has suffered a breathtaking
collapse in support since, as a popular uprising over the HST
sent his ratings to single digits, and put his party far behind
the opposition New Democrats.

BUSINESS SECTION:

– The federal government’s decision to block the takeover
of Potash Corp (POT.TO: ) has thrown Canada’s rules governing
foreign takeovers into question, casting doubt on the prospect
of future bids for many prominent Canadian companies.

Industry Minister Tony Clement said BHP’s (BHP.AX: ) $38.6
billion bid for Potash Corp did not meet the “net benefit” test
under the Investment Canada Act, but the Australian mining
giant has 30 days to try to change the federal government’s
mind.

NATIONAL POST:

– Former B.C. conflict of interest commissioner Ted Hughes
is suing Bill Vander Zalm, alleging the former premier defamed
him in his autobiography.

Hughes claimed that Bill Vander Zalm: For the People, which
was published in November 2008, contains false, malicious and
defamatory statements.

FINANCIAL POST:

– The Canadian and Ontario governments are hoping to raise
up to $884 million as part of General Motors Corp’s [GM.UL] $13
billion initial public offering later this month, leaving
taxpayers both in Canada and the U.S. holding the bulk of their
original investment in the Detroit automaker from last summer’s
bailout.

GM is looking to raise up to $10.6 billion in the offering,
selling roughly 365 million shares of common stock by some of
its shareholders, including the Canadian and Ontario
governments, at between $26 and $29 a share.

PRESS DIGEST – Canada – Nov 4