Sept 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
** A drop in shipping rates amid the collapse in demand for
coal, ore and other commodities has sparked a sharp rise in the
number of ships yanked from the service and sold for scrap. (http://bit.ly/1IN2k03)
** The average price for single-family detached homes in
Greater Vancouver has jumped 20 percent to a record $1.47
million over the past year as the affordability gap widens
between houses and condos. (http://bit.ly/1LM42U1)
** The new executive chairman of Sears Canada Inc SCC.TO ,
Brandon Stranzl, says he is serious about fixing the challenged
department store, but observers say he needs to hurry. Sears
Canada has struggled with falling revenue and erratic profits or
losses. Stranzl says he has developed a plan to turn around the
retailer, partly by teaming with suppliers to focus on
mid-priced brands. (http://bit.ly/1fWQU2E)
NATIONAL POST
** Canadian crude oil exports to countries other than the
United States jumped 25 per cent in the second quarter of the
year, but remain far off year-ago levels, while exports south of
the border dropped during the most recent period. (http://bit.ly/1JAPMdH)
** Canada's largest synthetic crude project will return to
normal operations toward the end of September, Canadian Oil
Sands Ltd COS.TO , the joint venture partner with the largest
stake in the project, said late on Wednesday, confirming market
talk of an extended outage after last weekend's fire. (http://bit.ly/1LNmATH)