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PRESS DIGEST- Canada - Aug 3

Published 2016-08-03, 06:23 a/m
© Reuters.  PRESS DIGEST- Canada - Aug 3
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Aug 3 (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

** Enbridge Inc ENB.TO and Marathon Petroleum Corp (NYSE:MPC) MPC.N have formed a joint venture to buy 37 percent of the Bakken pipeline project from Energy Transfer Partners LP ETP.N and Sunoco Logistics Partners LP SXL.N for $2 billion.

TransCanada Corp TRP.TO has joined a consortium proposing an $800 million marine terminal, pipeline and distribution network to feed Mexico's growing appetite for gasoline, diesel and jet fuel.

Creditors have forced Toronto-based animation studio Arc Productions Ltd to shut its doors, locking out staff at the company best known for helping produce popular children's series such as Thomas & Friends.

Opposition parties say the Trudeau government's new method for picking Supreme Court judges is elitist in that it cuts elected members of Parliament out of a direct role in selecting potential candidates.

POST

** Husky Energy Inc HSE.TO has agreed to a reduced price for the natural gas it extracts offshore China and sells to the country's state-owned CNOOC Ltd 0883.HK , ending an escalating dispute.

Silver Wheaton Corp's SLW.TO $800 million gold acquisition from Vale SA VALE5.SA shows that metal streaming firms still have good buying opportunities despite improving market conditions.

Canada's economy is vulnerable to the impact of a major earthquake, and policymakers and the insurance industry should be taking steps to avert a chain of events that would send fissures through the financial system, the former head of the country's top banking regulator warned on Wednesday in a report from the C.D. Howe Institute.

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