December 17, 2012 / 10:25 AM / in 6 years

PRESS DIGEST-Canada-Dec 17

Dec 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.


* Jim Flaherty predicts there will be no national consensus - and therefore no deal - to expand the Canada Pension Plan (CPP), a position that clearly irritated his Ontario counterpart as federal, provincial and territorial finance ministers gathered for a Sunday night dinner in Ottawa. “I think what will happen at our meeting is we’ll have a discussion on the CPP issue and it will not be resolved because there’s not a consensus,” Flaherty said. ()

Reports in the business section:

* In stark contrast to the previous regime, the new Parti Québécois government is pulling out all the stops to entice companies into locating their cloud computing and data operations in Quebec. ()

* First Quantum Minerals Ltd has made a hostile, C$5.1 billion ($5.17 billion) takeover offer for Inmet Mining Corp, taking the bid directly to shareholders after two earlier offers were snubbed by the owner of one of the world’s largest undeveloped copper assets. ()


* The Canadian Army is trying to hold on to its intelligence-gathering capability and its ability to disrupt spying in the face of budget strain, according to internal National Defence documents. ()

* A group that lost its federal charitable status over alleged ties to Hamas is no longer sponsoring an Islamic conference in Toronto at which liberal leadership hopeful Justin Trudeau is expected to speak. ()


* The U.S. Federal Reserve released a proposal Friday that would make foreign banks with a significant presence in the United States, including some of Canada’s biggest financial institutions, subject to the same capital cushion requirements as domestic banks. ()

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