Press Digest: Canada - July 7

Indigo Books and Music

07/07/2016 12:01

July 7 (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 
    ** Jason Kenney did not step down as a member of Parliament 
when he officially launched his bid to lead Alberta's 
Progressive Conservatives - a decision fiscal hawks say is an 
inappropriate use of taxpayers' money. (http://bit.ly/29yEQHX) 
     
    ** Seven Generations Energy Ltd  VII.TO  is taking advantage 
of the industry downturn to buy assets from Paramount Resources 
Ltd  POU.TO  for C$1.9 billion ($1.47 billion), vastly 
increasing its land holdings in the prolific Montney natural gas 
region of Alberta. (http://bit.ly/29yFyoc) 
     
    ** As part of a flurry of moves designed to reverse its 
sliding share price, Dominion Diamond Corp  DDC.TO  is getting 
out of Toronto real estate and going ahead with a key expansion 
to its Ekati mine in the Northwest Territories. (http://bit.ly/29yEsJt) 
     
    NATIONAL POST 
    ** Canada Life has been forced to suspend redemptions at two 
of its real estate funds due to uncertainty about the value of 
commercial property in the UK following the Brexit vote. (http://bit.ly/29yF1D5) 
     
    ** The original fast-track approval process of the 
Comprehensive Economic and Trade Agreement (CETA) between Canada 
and the European Union has since been expanded to give the 28 EU 
member states the final approval - but the new, longer track 
won't bring the process to a halt. The signatories would need to 
agree to the trade pact provisionally, and then work out the 
details later. (http://bit.ly/29yG8Tc) 
     
    ** Indigo Books and Music Inc  IDG.TO , buoyed by a year of 
solid financial results while other large book chains have 
suffered and shut down, is focused on the "phygital" future, 
says chief executive Heather Reisman. (http://bit.ly/29yGt8x) 
 ($1 = C$1.29) 
 
 (Compiled by Shalini Nagarajan in Bengaluru) 
 ((Shalini.Nagarajan@thomsonreuters.com; Within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 7199; Reuters Messaging: 
shalini.nagarajan.thomsonreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST CANADA/