BRIEF-Seair announces default on senior debt
* Seair Inc - defaulted on terms of its senior debt senior debt and is currently in negotiations with its creditors to develop a restructuring plan
Oct 30 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
* Canada has promised the European Union it will be able to take advantage of any further loosening of foreign investment restrictions on the country's telecom sector. ()
* A heated debate is raging among some of the biggest names in the food world over a boycott of Canadian seafood, a move aimed at ending the annual seal hunt. ()
Reports in the business section:
* United States Steel Corp will permanently cease steel production at its Hamilton mill at the end of the year, ending an era that goes back more than a century. The permanent end of steel making in what was the cradle of the Canadian steel industry is the latest step in what has been a troubled history for U.S. Steel. ()
* The race is on for one of Canada's hottest retail sites after Sears Canada Inc abandoned its flagship store at the Toronto Eaton Center. U.S. department store Nordstrom Inc is in talks with the mall's owner, Cadillac Fairview Corp, to move into the space - and could be close to a deal, industry sources said. ()
* A report tabled Tuesday by the federal Conservative government in the House of Commons, explaining the final negotiated outcomes of the Canada-EU free-trade agreement, has shed more light on what is being billed as the largest and most wide-ranging free trade deal for Canada since the North American Free Trade Agreement. ()
* The unsteady sand of who is considered a terrorist in Canada has once again shifted in favor of a Tamil woman living in Toronto, whose politician husband was assassinated in Sri Lanka while attending Christmas Eve mass in 2005. Weeks after Joseph Pararajasingham, a member of parliament in Sri Lanka, was shot dead, Canada granted residency to his widow. In 2011, however, the Immigration and Refugee Board concluded that the woman was a member of a terrorist group and should be deported because of her ties to her husband, who had ties to the Tamil Tigers. ()
* Stephen Poloz, Canada's new head of monetary policy, is already being credited with putting a kinder, gentler face on the Bank of Canada, and cutting through decades-old jargon that is central-bank speak. ()
* Any chill in foreign investment resulting from tougher Industry Canada reviews hasn't caught up with the British, who are warming up to the Western Canadian energy economy like never before. Energy giants such as Centrica, BG Group, BP, Royal Dutch Shell, are all growing their Western Canadian operations, encouraged by the British government, the recently announced Canada-EU free trade deal and perception that the Canadian government welcomes their business.
* Sets regular quarterly dividend of $0.2425 per share Source text for Eikon: Further company coverage:
Feb 24 Citigroup Inc on Friday said that U.S. government and regulatory agencies are investigating the bank's hiring practices.