PRESS DIGEST – Canada – Oct 27

Oct 27 (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:

– Hundreds of ducks are dead after landing in a toxic
Syncrude tailings pond on Monday, igniting yet another
public-relations disaster for a company and an industry that
was slapped with the largest environmental penalty in Alberta
court history just three days ago.

Late last night, workers at Syncrude Canada Ltd were
scrambling to save a handful of surviving birds still wading
atop the Mildred Lake Settling Basin north of Fort McMurray.

BUSINESS SECTION:

– A free-trade agreement between Canada and the European
Union would deal another blow to Canada’s already battered
manufacturing sector, wiping out thousands of jobs in food
processing, apparel making and the auto industry, according to
an analysis of a potential agreement that will be released
Wednesday.

Canada, which has run an annual trade deficit of $19
billion with the EU, on average, for the past 10 years, would
lose 28,000 jobs – most of them in manufacturing – if tariffs
were eliminated, says a study done by Canadian Auto Workers
economist Jim Stanford for the Canadian Centre for Policy
Alternatives.

NATIONAL POST:

– An expert panel commissioned by the Heart and Stroke
Foundation is urging governments to slap a tax on sugared soft
drinks, subsidize the poor to eat fruit and vegetables and give
farmers incentives to grow more fresh produce, in a novel new
take on Canada’s obesity epidemic.

The price of food has a proven impact on weight, and
economic sticks and carrots should be invoked to combat the
growing weight crisis, the panel concludes in a 79-page report.

FINANCIAL POST:

– The strains of a “new competitive reality” are beginning
to set in for Rogers Communications Inc (RCIb.TO: ), as its
all-important wireless business revealed Tuesday a litany of
negative operating trends that prompted a sell-off in shares of
it and other rival incumbents.

PRESS DIGEST – Canada – Oct 27