February 12, 2014 / 10:31 AM / 4 years ago

PRESS DIGEST- Canada - Feb 12

Feb 12 (Reuters) - 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

* Chrysler Group LLC is seeking a contribution of at least $700 million from the federal and Ontario governments in high-stakes negotiations about the future of its Canadian operations. ()

* The Conservative government is inflaming a federal-provincial turf war over jobs with a 2014 budget that expands Ottawa's training role, launching new programs aimed at getting Canadians into apprenticeships and skilled trades. ()

Reports in the business section:

* Under pressure from an activist shareholder, Cliffs Natural Resources Inc said on Tuesday that it would slash capital spending, forgo a planned expansion at a key Canadian mine and shut another mine in Canada, cutting about 500 jobs. ()

NATIONAL POST

* Canada's Finance Minister Jim Flaherty set the table in Tuesday's budget for a watershed round of collective bargaining in 2014 with plans to save at least $7.4 billion over six years by reducing the benefits of former and current public servants to bring compensation costs closer to those of the private sector. ()

* The badly-needed new equipment on the Canadian military's shopping list may end up becoming a wish list over the next three years after Tuesday's federal budget pushed $3.1 billion in planned capital spending into the future. ()

FINANCIAL POST

* Ottawa is giving automakers a $500-million boost, as car companies such as Chrysler Group LLC push for bigger incentives from both federal and provincial governments to continue with production facilities in Canada. ()

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below