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PRESS DIGEST- Canada- Aug 5

Published 2015-08-05, 06:32 a/m
© Reuters.  PRESS DIGEST- Canada- Aug 5
LTS
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Aug 5 (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
** Canada and Mexico are joining forces to try and break a
major logjam over Japanese autos at the Trans-Pacific
Partnership talks. A source familiar with the negotiations said
Canadian negotiators showed up at the Maui talks to find that
the United States had already cut a deal with Japan on how much
vehicle content needs to come from Trans-Pacific Partnership
(TPP) countries. (http://bit.ly/1eSaiNR)

** Alberta's deficit will be "in the range" of C$5.4 billion
($4.09 billion) next year, Finance Minister Joe Ceci said on
Tuesday, sticking to a spring forecast even as skidding oil
prices prompt deeper cuts in the energy sector. (http://bit.ly/1JLzRgy)

** The federal Conservative campaign pledge to revive the
popular home renovation tax credit comes at a time when Canada's
renovation industry is already outperforming the broader economy
and booming past the market for new homes. (http://bit.ly/1gJEEEa)

NATIONAL POST
** A second U.S. investment firm, Mudrick Capital Management
LP, is suing Lightstream Resources Ltd LTS.TO over the
Calgary-based light oil producer's recent debt restructuring
deal, as a growing number of the company's bondholders voice
their anger over the debt swap. (http://bit.ly/1eSq2R3)

** Stephen Harper is looking "weak and vulnerable" on the
trade file as the government continues to negotiate a massive
trade pact with Asian-Pacific nations during a lengthy election
campaign, New Democratic Party leader Tom Mulcair said on
Tuesday. (http://bit.ly/1gJFd0F)

(1 US dollar = 1.32 Canadian dollar)

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