July 8 (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
** Postmedia Network Canada Corp PNCa.TO is proposing a
restructuring plan that would wipe out nearly half its debt and
slash its annual interest payments, easing immediate financial
pressure that threatened to turn the company insolvent. Canada's Bombardier Inc BBDb.TO is under less pressure
to ink new orders for its C-Series jet at a major European air
show next week after receiving orders from Delta Air Lines (NYSE:DAL)
DAL.N and Air Canada AC.TO , a senior executive said. British Columbia released new data showing foreign buyers
purchased 5 percent of the homes sold in and around Vancouver
over three weeks last month and, on average, spent about
C$400,000 ($307,858) more than Canadians in these transactions,
the first statistical hint of the impact offshore money might be
having on the region's overheated market. POST
** Canada's top financial regulator is increasing its
scrutiny of mortgage lending practices at the big banks amid
concerns about soaring house prices. In Montreal this week, Prime Minister Justin Trudeau left
the impression he's not going to take a new look at the now
permit-less Northern Gateway pipeline, likely putting the
project on the backburner for as long as he is in power. A majority of Canadians support Wal-Mart Stores Inc (NYSE:WMT)
WMT.N in its fight with Visa Inc (NYSE:V) V.N over interchange fees,
but the retailer might lose some customers in the dispute.
($1 = C$1.30)