January 17, 2013 / 10:05 AM / in 5 years

PRESS DIGEST-Canada-Jan 17

Jan 17 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* Canada’s energy and mining companies are facing new challenges from First Nations that are demanding the right to approve all resource projects on traditional territories and to participate in the revenues. ()

* French President François Hollande has personally asked Canadian Prime Minister Stephen Harper to extend Canada’s contribution of a heavy-lift cargo plane for Mali, and to offer more transport help, testing Harper’s efforts to set strict limits on Canada’s military assistance. ()

Reports in the business section:

* Air Transat will cut $20 million in annual operating cost as part of its parent company’s efforts to restore profitability in the face of toughening competition.

Executives told employees on Wednesday that the airline needs to realize the savings in order to operate a fleet of Boeing 737 aircraft and replace those flown under subcontract by Nova Scotia-based Canjet since 2009. ()

* H&R Real Estate Investment Trust on Wednesday offered to buy Primaris Retail Real Estate Investment Trust for nearly C$3 billion ($3.04 billion), or C$28 a share, just above a hostile C$26 per share bid put forward in December by a consortium led by KingSett Capital. ()


* An Ontario bodyguard who worked for Saadi Gaddafi -- the son of slain Libyan leader Muammar Gaddafi -- provided “invaluable assistance” to the Libyan dictatorship as it attempted to brutally crush an anti-regime uprising in 2011, the Canada Border Services Agency said. ()

* A new study has indicated that overdose deaths have risen in close parallel with Canada’s soaring consumption of prescription narcotics and the painkillers have become the country’s most dangerous drugs after tobacco and alcohol, a leading addiction researcher of Simon Fraser University said. ()


* Calgary-based Sunshine Oil Sands Ltd has agreed to share oil sands exploration technology with a division of China’s CNOOC Ltd.

The one-year “cooperation” agreement comes roughly one month after the federal government approved the sale of oil sands producer Nexen Inc to CNOOC for $15.1 billion. ()

* Lululemon Athletica Inc has its sights on growing its share in menswear, CEO Christine Day said at the ICR XChange investor conference in Miami on Wednesday, a rare bright spot in last year’s apparel market.

A little over a year and a half ago, menswear represented 8 percent of sales at the Vancouver-based retailer. while on a year to date basis the category has hit 12 percent with the holiday season peaking at 15 percent, Day said. ()

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