Press Digest: Canada - June 9

MIE Holdings

09/06/2017 11:49

June 9 (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 
    ** Hudson's Bay Co  HBC.TO  is cutting 2,000 jobs in its 
core North American retail business, or 4 percent of its work 
force in that market, as its losses mount amid falling sales in 
a fast-changing retail climate. (https://tgam.ca/2rcFYUw) 
     
    ** Britain's Centrica Plc  CNA.L  has struck a deal to sell 
its entire Canadian oil and gas exploration and production 
business to Hong Kong-listed MIE Holdings Corp  1555.HK , in the 
latest example of Asian capital snapping up domestic energy 
assets. (https://tgam.ca/2t1p64s) 
               
    ** Enbridge Inc  ENB.TO  says it will put new focus on 
capitalizing on the demand for billions of dollars in energy 
infrastructure needed to help move growing North American oil 
and natural gas supplies to overseas markets in the decades 
ahead. (https://tgam.ca/2r8YH8r) 
     
     
    NATIONAL POST 
    ** Canada has moved a little closer to meeting its target to 
protect five percent of the country's oceans by the end of 2017, 
but some are concerned about the methods the government is using 
to reach that goal. To coincide with World Oceans Day, Fisheries 
Minister Dominic LeBlanc announced on Thursday that St. Anns 
Bank, covering 4,364 square km east of Cape Breton, is 
officially Canada's latest marine protected area. (http://bit.ly/2sITZvg) 
     
    ** High levels of household debt and red-hot housing markets 
in Toronto and Vancouver pose the biggest threats to the 
stability of the country's financial system, the Bank of Canada 
said Thursday. (http://bit.ly/2siOHta) 
  
    ** A Senate committee says the government must "urgently" 
amend laws to prevent foreign interference in Canadian 
elections, including the possible theft of confidential emails.  
(http://bit.ly/2r7gYTo) 
 
 (Compiled by Bengaluru newsroom) 
 ((globalnewsmonitoring@thomsonreuters.com)) 
 
Keywords: PRESS DIGEST CANADA/