PRESS DIGEST - Canada - June 16
June 16 |
June 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:
- Iran's top legislative body said on Tuesday it was ready to carry out a partial recount in a disputed presidential election that has prompted the biggest street protests since the 1979 Islamic revolution.
- Canadian billionaire Jim Balsillie is not conceding defeat in his bid to buy the Phoenix Coyotes and move the club to Hamilton, despite a court ruling Monday night that said his current offer did not meet the requirements of bankruptcy laws. Report on Business Section:
- Air Canada (ACa.TO) (ACb.TO) and its five unions will present a united front to ask Ottawa to defer most of the airline's pension funding obligations for 21 months, after management reached a breakthrough deal with pilots and flight attendants Monday night.
NATIONAL POST
- With domestic pressure building for the United States to quit Canada's erratic supply of medical isotopes, the Harper government is to announce on Tuesday new funding for nuclear medicine, a day after Liberals vowed to defeat it unless it reveals a plan to end the crisis.
- A British Columbia Supreme Court judge ruled on Monday that Taser inquiry commissioner Tom Braidwood was correct to warn four Royal Canadian Mounted Police officers that he could make findings of "misconduct" in how they handled Robert Dziekanski -- the Polish immigrant who died after being tasered at the Vancouver airport in October 2007.
Financial Post section:
- Royal Bank of Canada (RY.TO) has become the first of the country's major banks to officially predict the recession will end in the third quarter as fiscal and monetary stimuli begin to heal the economy.
- Tundra Semiconductor TUN.TO has been sold to a U.S. firm for $120.8 million, more than 40 percent above the first offer for the company.
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