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PRESS DIGEST - Canada - July 15

Wed Jul 15, 2009 7:44am EDT

Stocks

   

July 15 (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: - Canada needs a refugee-claims system that will quickly turn away those who falsely claim persecution to take advantage of the country's generosity, Immigration Minister Jason Kenney said. - The U.S. Geological Survey has issued a tsunami warning after a 7.8-magnitude earthquake struck off New Zealand's western coast.

Report on Business Section:

- Housing sales bounce back nationwide. Nationally, for the April-June period, sales were up 1.4 per cent from a year ago. It was the first quarter that marked a year-over-year advance since late 2007.

- Research In Motion Ltd's (RIM.TO) chief operating officer for product development and manufacturing, Larry Conlee, is retiring at the end of the summer.

NATIONAL POST

- A Tupolev passenger aircraft crashed in northwestern Iran on Wednesday and 168 people on board were killed, Iranian media reported.

- A Halifax police officer on Tuesday changed his story on the events leading to the Tasering and death of a mentally ill man two years ago, sparking new comparisons to the high-profile case of Polish immigrant Robert Dziekanski.

Financial Post section:

- Goldman Sachs Group Inc.(GS.N) knocked the cover off the ball with a 33 percent pop in earnings that sent its second-quarter net income to a record $3.44 billion -- a game-changing result.

- Toronto's housing market came roaring back last month to record its best June yet and is poised to quickly turn into a seller's market again with prices rising quickly.



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