June 17, 2009 / 11:46 AM / 10 years ago

PRESS DIGEST - Canada - June 17

June 17 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


- Stephen Harper and Michael Ignatieff are working on a deal to spare Canadians from a summer election that would see them appoint a blue-ribbon panel to help resolve their differences over boosting employment insurance benefits. They will meet again Wednesday to iron out the proposal and the idea must still be presented to and approved by their caucuses, a source told the paper.

- Iranian authorities moved to take back the streets of Tehran Tuesday, counterattacking the reformist protests that have gripped the capital since Friday’s discredited presidential election.

Report on Business Section:

- Premier Danny Williams added a key piece in his long-term plan to keep oil revenue flowing into Newfoundland and Labrador, taking a conciliatory approach to partnering with major international oil companies, led by Exxon Mobil (XOM.N), on risky projects. Hibernia deal is expected to yield Newfoundland and Labrador C$10 billion in revenue.

- The union representing Air Canada ACa.TO ACb.TO flight attendants, which threw its support Monday night behind a company proposal for a pension-funding moratorium, says it wants assurances of job security before agreeing to a new contract.


- Social media websites became the front lines in Iran’s nascent revolution on Tuesday, after the government banned foreign media from reporting on ever-growing protests in the wake of Mahmoud Ahmadinejad’s disputed re-election last week.

- As four more people in Quebec and Manitoba were confirmed dead Tuesday after they contracted swine flu, three chiefs from northern Manitoba travelled to Ottawa, demanding a meeting with the federal and Indian affairs ministers for help with what they called a “pending atrocity” in their communities.

Financial Post section:

- Former Bank of Canada Governor John Crow spoke out Tuesday about an increasingly nasty proxy battle at TriNorth Capital Inc that he says could dissuade high-profile and experienced people from becoming board members.

- The Canada Pension Plan Investment Board (CPPIB), which has made C$1.4 billion equity offer for Macquarie Communications Infrastructure Group MCG.AX, has blinked. After facing opposition from key shareholders, including Tyndall Investment Management, Magellan and Lazard Asset Management, who are cool to a deal, the CPPIB has sweetened its offer. - Canadian labour productivity rose the most in two years in the first quarter as businesses slashed staff at a faster pace than output in order to survive the recession.

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