PRESS DIGEST - Canada - Sept 10

Wed Sep 10, 2008 7:38am EDT
 
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TORONTO, Sept 10 (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:

- Green Party rebuff, Tory misstep, overshadow first promises in Canada's federal election; Harper vows to cut taxes on diesel, jet fuel; Dion pledges to boost child-care allowance

- Bring cash and luck for Vancouver 2010 Olympic hockey final; Fewer than 30 percent of tickets for final game will be available to public

- Man shot dead, thrown from car on Highway 401; Toronto highway traffic grinds to a halt as homicide squad combs scene

Report on Business Section:

- Rout sends Toronto Stock Exchange near bear territory; As investors run away from commodities for the sixth successive session, market watchers wonder if resources have had their day

- Canada's bankers in no great hurry to test U.S. waters

- Europe's wealthy Brenninkmeijer clan has sunk $6 billion into the green power sector and a chunk of it is invested in Canada

NATIONAL POST:

- Market meltdown; Plummeting commodities pull TSX down 3.9 percent, continuing a descent begun in June; Index's drop of 19.9 percent since June puts it perilously close to the 20 percent decline associated with the onset of a bear market

- Victim shot, dumped on 401

- Harper proposes cut in diesel tax; Dion promotes green plan that would reduce income taxes

Financial Post Section:

- Brink of a bear; Stable sectors no longer a refuge; Fault lines spread through oil patch

- Manulife Financial (MFC.TO) plans major push across Asia; Wave of merger and acquisition activity expected

 

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