PRESS DIGEST - Canada - April 16
April 16 (Reuters) - 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:
- More than 2000 researchers, including some of the country's most respected scientists, have signed an open letter to the Prime Minister calling the funding cuts in the January budget "huge steps backward for Canadian science."
- A shared passion for the Montreal Canadiens is making for strange bedfellows in Quebec business circles, as a consortium made up of pop star Celine Dion, Seagram heir Stephen Bronfman and Quebecor Inc boss Pierre Karl Peladeau is considering a joint bid for the storied NHL team, financial sources report.
- As Stephen Harper tries to strengthen ties with China, Jean Chretien is part of a team wagering on a resort and casino project in another region in Asia.
Report on Business Section
- Canadian workers at the two crippled Detroit-based auto makers must agree to slash wages and benefits by as much as $19 an hour to prevent their employers from filing for bankruptcy protection, Industry Minister Tony Clement says.
- Intrawest ULC, the heavily indebted owner of 2010 Winter Olympics co-host Whistler Mountain, is considering selling assets as it negotiates with lenders to refinance and pay down a $1.7 billion loan.
- Spring brings new signs of life in housing market, with hints of recovery as the volume of existing home sales is up 7 percent in March. Continuación...