PRESS DIGEST - Canada - Nov 9
Nov 9 (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:
- A delegation of the Gitxsan people from northwest British Columbia is set to meet with Indian Affairs Minister Chuck Strahl next month with a groundbreaking proposal: That the 13,000 members of their tribe be allowed to abandon their status as "Indians."
- After months of speculation, George Smitherman is making the move to municipal politics. Ontario's Deputy Premier and Energy Minister confirmed in an interview Sunday that he is leaving Dalton McGuinty's cabinet to run for Toronto's mayoralty in Nov. 2010.
- Ontario will see an unprecedented number of school closings unless the province updates its funding models to account for the ever-shrinking school-age population, a report by an education advocacy group has found.
BUSINESS:
- General Motors Co [GM.UL] will invest nearly $100-million to increase production capacity at one of its Canadian assembly plants, a move that signals the auto maker's growing confidence in the auto recovery and robust consumer demand for the two vehicles made at the plant.
- Canada's oil sands companies say they must adopt expensive carbon-capture-and-storage technology to meet environmental challenges, but will require major government subsidies to do so for at least the next decade.
- Among all the cards Sergio Marchionne is playing as he tries to revive Chrysler, two in particular need to turn up aces -- the new compact and mid-sized cars arriving in 2012 and 2013. "If we can't play there, we don't have an effective product portfolio," the chief executive officer of Chrysler Group LLC and Fiat SpA declared earlier this week.
NATIONAL POST:
- Western patience with Afghanistan's political class was wearing so dangerously thin that coalition forces might quit the country if the situation regarding governance and corruption did not soon change radically for the better.
- According to Canadian government officials, a biography of U.S. President Barack Obama provided to Prime Minister Stephen Harper shortly after Mr. Obama's inauguration last January qualifies as a state secret.
FINANCIAL POST:
- It's a sad but true fact of married life that money is a huge source of trouble. And the 2008 stock market crash and subsequent recession have aggravated the situation.
- In early March, there were thousands of profitable, growing companies whose shares could have been bought for next to nothing. But there were two problems: We value investors had long since exhausted our cash by buying on dips, and many of us were resigned to a lifetime of shuffling from one homeless shelter to another, where the ability to identify undervalued securities is of limited utility.
