May 24, 2011 / 10:20 AM / 7 years ago

PRESS DIGEST - Canada - May 24

May 24 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


Prison guards in Ontario were paid a 4 percent bonus over two years just for coming to work, according to details of a labour agreement that may become the latest public-sector wage settlement to embarrass the McGuinty government.

Report on Business Section:

Management at CI Financial Corp believes the large investment fund company is the target of an attempted takeover at the hands of its biggest shareholder, Bank of Nova Scotia , or another potential suitor that is not yet known.

Worried about paying down debt, Canadian consumers are tightening their belts even as their American counterparts are moving in the opposite direction.


Officials said the monster tornado may have been the single deadliest in the country since 1953. The number of dead and injured is expected to climb as rescue workers dig through collapsed homes and businesses.

NATO’s top commander in Afghanistan thanked Canadian taxpayers and praised Canadian combat troops Monday for having “sacrificed greatly” to “dramatically improve” Kandahar since arriving in 2006.

Financial Post section:

Financial markets piled pressure on peripheral euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and fresh concerns over Italy.

U.S. stocks closed at their lowest levels in a month on Monday in a sign of increasing doubt that equity markets can weather recent weakness in global manufacturing and demand.

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