PRESS DIGEST – Canada – Sept 1

Sept 1 (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:

– Ottawa has quietly ordered a study of Canada’s most
economically successful first nations, raising the prospect of
a new approach to developing businesses on reserves while
sparking fear among some native leaders that their rights to
land and resources are at risk.

A small but growing number of success stories are spreading
across Canada as native communities break out from historic
poverty thanks to millions in earnings as landlords of
on-reserve condos, hotels, industrial parks and high-end golf
resorts

– Canada needs stealth fighter jets so its military can
sneak up on an adversary at the edges of domestic airspace and
use that potential for surprise as a deterrent, the head of the
air force says.

Lieutenant-General Andre Deschamps, the chief of the air
staff, responded to critics of the government’s planned
purchase of high-tech F-35 stealth fighters by asserting that
the aircraft will provide a needed capability for defence at
home, and not just for fighting air battles abroad.

BUSINESS SECTION:

– Anyone who thinks central bankers all see the world the
same way has not been watching the Federal Reserve lately.

The U.S. central bank is afire, as the PhD economists who
populate the place engage in a make-or-break debate about
whether the recovery is stable or dying in front of their eyes.
The remarkable thing, especially from a Canadian perspective,
is that Fed chairman Ben Bernanke apparently is comfortable
putting the Fed’s internal uncertainty on display for all to
see.

– There is a flurry of sales happening at Canada’s outdoor
malls, and it has nothing to do with back-to-school savings.

The malls themselves are being snapped up by investors who
crave the steady returns generated by shopping centres with
large tenants such as Wal-Mart (WMT.N: ), Canadian Tire (CTC.TO: )
and major grocery chains.

NATIONAL POST:

– Prime Minister Stephen Harper, intent on shaping the
ballot box question for the next election, is adopting a
strategy to gradually persuade voters they have a “stark
choice” in the next campaign: A “stable” majority Conservative
government, or a “coalition” government of Liberals, New
Democrats and Quebec separatists.

– In an unusual twist on the cross-border trade in medical
products, doctors in the United States are coming under fire
for ordering much cheaper, but apparently identical, versions
of IUD birth-control devices from Canada.

FINANCIAL POST:

– Canada’s housing market was a key source of strength that
shielded the banks from the financial crisis but a flurry of
recent warnings about a market bubble is raising concerns the
vast mortgage holdings on bank balance sheets is about to
become a millstone.

– Millions of customers of the country’s major phone
companies can expect a pleasant bonus courtesy of federal
regulators, who ordered on Tuesday the rebate of $310 million
in surplus funds.

The rebates will be going to customers in urban areas, but
thousands of Canadians living in communities where high-speed
Internet has yet to reach are also in line for broadband
service, as a result of the ruling.

PRESS DIGEST – Canada – Sept 1