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PRESS DIGEST- Canada - Dec 7

Published 2016-12-07, 06:46 a/m
© Reuters.  PRESS DIGEST- Canada - Dec 7
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Dec 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

Alberta Premier Rachel Notley said environmental and indigenous opponents of the Kinder Morgan (NYSE:KMI) KMI.N pipeline expansion have a legitimate right to protest, but they do not hold a veto over the project and can't kill it.

An Ontario Securities Commission proposal to require financial advisers to act in the best interests of their clients could push investment firms away from offering traditional investment-advisory services if the new standard is too difficult to implement, industry officials warn.

Canadian banks have navigated through weak economic growth, low interest rates and a depressed energy sector with their profits intact, but one big threat remains: the domestic housing market.

NATIONAL POST

Canada's telecommunications regulator is eliminating roles at its seven regional offices and consolidating some services at its National Capital Region headquarters in a push toward "digital first."

Bank of Montreal BMO.TO beat market expectations when it reported an 11 percent jump in net profit for the fourth quarter, helped by growth in all segments.

A motion from the Senate Conservative leader Claude Carignan - backed by government representative Peter Harder, Liberal leader Joseph Day and Independent Senators Group coordinator Elaine McCoy - seeks to add new independent members to committees, where a substantial amount of the Senate's work takes place.

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