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PRESS DIGEST-Canada-May 8

by Reuters
Wednesday, 8 May 2013 10:00 GMT

May 8 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

* Declaring that "American democracy has been hacked," former U.S. vice president Al Gore told a Toronto audience that his countrymen needed to wake up to the special interests that have a grip on the levers of power in the U.S. Congress and are able to block legislation on a range of policy issues including his signature cause, global climate change. (http://link.reuters.com/mys87t)

* The National Research Council, which gave Canada canola and the atomic clock, will now be taking its scientific cues from Canadian industry as part of a makeover of the country's flagship research labs. (http://link.reuters.com/vus87t)

Reports in the business section:

* WestJet Airlines Ltd is heading to the runway with an expanded fleet, raising concerns that the surge in capacity will lead to a renewed industry price war. (http://link.reuters.com/wus87t)

NATIONAL POST

* Two years after its funding was slashed by Italy's debt-laden government, the Toronto-based Italian language daily newspaper Corriere Canadese suspended operations after more than 58 years. (http://link.reuters.com/zus87t)

* Toronto city council has overruled Mayor Rob Ford and his executive by voting to have a debate on controversial transit taxes and fees at some point this week. A coalition of councillors led by Toronto Transit Commission Chair Karen Stintz managed to scrape together the necessary two-thirds' support to seize a matter that had been deferred by the executive committee. (http://link.reuters.com/dys87t)

FINANCIAL POST

* British Columbians are free to elect the government they want, but in the end extreme views on pipelines will moderate, Asim Ghosh, the Chief Executive of Husky Energy, one of Canada's largest oil companies, predicted on Tuesday. (http://link.reuters.com/gys87t)

* The fight over TransCanada Corp's proposed Keystone XL project probably will be repeated as companies build more conduits to carry oil and gas to U.S. markets, the former chief pipeline safety regulator Brigham McCown said. (http://link.reuters.com/nys87t) (Compiled by Maria Ajit Thomas in Bangalore)

Our Standards: The Thomson Reuters Trust Principles.

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