PRESS DIGEST - Canada - April 27

April 27 (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:

- The Vancouver School Board voted on Monday to adopt a school calendar for 2010-11 that will have the school-year shortened by 10 days to deal with an $18.1 million budget shortfall. The plan will cancel early dismissal days and extend the instructional day to allow schools to close for 10 additional days.

BUSINESS SECTION

- Ottawa plans to restrict how insurers promote bank products online, a move that could appease banks, as the government cracks down on their Internet activities, sources say. Finance Minister Jim Flaherty is discussing the upcoming rules with financial executives, and the regulations are still some way from being drafted.

- General Motors Co [GM.UL] will invest more than $200 million at its engine plant in St. Catharines, Ontario, to make next generation V8 engines and install a flexible assembly line, sources said. The investment in St. Catharines and another $400 million earmarked for a plant in Tonawanda, near Buffalo, form the bulk of about $850 million the auto maker is spending to upgrade five of its engine and engine components plants in North America.

NATIONAL POST

- A former Quebec mayor Stephane Harbour was arrested on Monday by a police task force investigating corruption, Quebec provincial police said in a statement. The former mayor along with Yves Mailhot and Jean-Claude Patenaude face charges including fraud, fabrication of false documents and conspiracy, the police said.

FINANCIAL POST

- Federal government's neglect is increasingly jeopardizing the safety of truckers, postal employees and other federally regulated workers, says a report by the Canadian Centre for Policy Alternatives. The report, which is to be released Tuesday, said Ontario, Quebec and Alberta have chalked up improvements in workplace safety for workers under their jurisdiction.

- Lionel Conacher, co-founder of Canada-based brokerage firm Westwind Partners, which was acquired by Thomas Weisel Partners TWPG.O in 2008, is not part of the new management team that has been assembled to run the new entity formed after Stifel Financial Corp (SF.N) bought Thomas Weisel.