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PRESS DIGEST- Canada - May 11

Published 2016-05-11, 06:36 a/m
© Reuters.  PRESS DIGEST- Canada - May 11
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May 11 (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's oil-sands producers are aiming for a speedy
ramp-up of lost production north of fire-ravaged Fort McMurray,
easing market fears that emergency shutdowns of more than one
million barrels a day could extend indefinitely. Belt-tightening Canadian manufacturers look poised to
follow the battered energy sector in cutting their spending
budgets in 2016, deepening the country's business investment
woes, a new Statistics Canada survey indicated. Premier Kathleen Wynne's cabinet is set to thrash out the
Ontario government's sweeping Climate Change Action Plan amid
tensions between several ministers over how far the plan should
go. POST
** A landmark deal by Canadian banks to embrace Apple Inc's
AAPL.O mobile wallet payment system Tuesday came on slightly
more favorable terms than U.S. financial services firms
received, according to a source familiar with the arrangement.
Microsoft Corp MSFT.O on Tuesday announced that its two
new Canadian datacentres are officially open. The facilities,
located in Toronto and Quebec City, bring the number of regions
in Microsoft's cloud to 24. Globally, this represents a $15
billion infrastructure investment.

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