May 26 (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's Competition Bureau is setting its sights on the
booming condominium sector in the Greater Toronto Area, ordering
more than 100 condo boards to hand over records as part of a
sweeping criminal investigation. The bureau is probing what it
calls "allegations of bid-rigging and conspiracy" involving the
region's multimillion-dollar condo renovation industry.
Canada Goose Inc is investing in its first branded stores
later this year. A 4,500-square-foot location at Yorkdale
Shopping Centre in Toronto will be the first to open in October,
followed by a 4,000-square-foot store in the SoHo neighborhood
of Manhattan, scheduled to open in November.
A cloud of noxious particles brewing in the air above the
Alberta oil sands is one of the most prolific sources of air
pollution in North America, often exceeding the total emissions
from Canada's largest city, federal scientists have discovered.
POST
Canada police have arrested 55 people and laid more than
300 charges following a joint investigation aimed at disrupting
drug distribution networks in northeastern Ontario. Drugs have
been blamed for fuelling a suicide and overdose crisis in
Attawapiskat and other remote First Nations communities along
the James Bay coast.
Bank of Montreal BMO.TO kicked off the latest bank
earnings season by substantially increasing provisions for
energy-related credit losses in the second quarter. At the same
time, the bank took a C$132 million ($101.8 million) after-tax
restructuring charge to cover severance costs to reduce the
workforce by 4 percent as more customers shift to mobile and
online banking.
The Chinese insurance company Anbang Insurance Group Co
Ltd is set for a major purchase in Canada. Sources indicate that
the Beijing-based company with a reported $114 billion in assets
has a deal to buy what amounts to a 34 percent stake in Bentall
I, II, III and IV - a sprawling commercial
1.5-million-square-foot office complex, in the heart of
Vancouver.
($1 = C$1.30)