PRESS DIGEST - Canada - Sept 24
Sept 24 (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:
- Abousfian Abdelrazik is suing the government - and Foreign Minister Lawrence Cannon personally - for C$27-million over Canada's role in his arrest and alleged torture in Sudan and for violating his constitutional right to come home.
- For the first time, an experimental vaccine has prevented infection with the AIDS virus, a watershed event in the deadly epidemic and a surprising result.
The study was led by the U.S. Army, which sponsored it with the National Institute of Allergy and Infectious Diseases and was conducted in Thailand.
- Foreign Minister Lawrence Cannon led a Canadian walkout as Iran's president began speaking to the United Nations Wednesday night, a boycott that was followed by diplomats from the United States and other countries.
Report on Business Section:
- Ottawa will extend life of a $125-billion emergency program amid pressure from domestic banks that are wary about a return of sluggish credit markets.
- HBC owner Richard Baker, who embarked on a 'get-your-hands-dirty' cleanup of the operating company, says he wants to give a little piece of Canada back to Canadians.
- Paper producer Domtar Inc (UFX.TO) is intent on divesting C$150-million worth of its assets, including its forest products business, in order to focus on its core business and reduce debt, Chief Executive John Williams says.
NATIONAL POST:
- A suspected mafia hit man linked to a savage family feud that claimed dozens of victims in Italy and Canada was arrested on Wednesday at Toronto airport.
- A Spanish interpreter told the inquiry investigating the death of a Polish immigrant who was Tasered by RCMP that she asked border officials at the Vancouver International Airport to find someone who spoke his language.
- Criminal polygamy charges against B.C. religious leaders Winston Blackmore and Jim Oler have been thrown out.
Financial Post section:
- As Canada prepares to swap the familiar GAAP accounting rules for a new international standard, experts are warning that companies, as well as investors, should brace themselves for the equivalent of the Big Bang in the accounting world.
- Shareholders of Tim Hortons Inc (THI.TO), currently incorporated under the laws of the state of Delaware, approved a move to reorganize the company as a Canadian public company Wednesday. Tim Hortons expects the reorganization will become effective on Sept. 28.
- The U.S. Federal Reserve acknowledged Wednesday the economic recovery has "picked up" and financial markets have "improved," but suggested it is in no hurry to pare back stimulus measures.
