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PRESS DIGEST- Canada - May 4

Published 2016-05-04, 06:32 a/m
© Reuters.  PRESS DIGEST- Canada - May 4
BBDb
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CWB
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May 4 (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 Veterans Affairs Minister Kent Hehr says members
of the military with mental-health issues should not fear they
will be automatically discharged when they step forward for
treatment.

Agriculture Minister Lawrence MacAulay promised on
Tuesday to consult with farmers and processors in the coming
weeks to deal with the problem of so-called diafiltered milk,
triggering a potential trade showdown with the United States.

The entire 80,000-strong population of Fort McMurray was
ordered to leave everything behind and evacuate quickly as an
out-of-control wildfire veered into the city on Tuesday with
little warning, creating the largest fire evacuation in
Alberta's history.

POST
Gregory Wiebe, a senior partner in the global accounting
giant KPMG, who has been accused of being behind a tax avoidance
scheme in the Isle of Man, says a lot of international tax rules
"are broken" - and they need to be fixed.

Bombardier Inc 's BBDb.TO decision to curtail production
of its largest business jets one year ago appears to be paying
off, with the aircraft holding significantly more of their value
than the competition.

A dramatic increase in expected energy-related loan
losses at Canadian Western Bank CWB.TO has reignited concerns
that the effects of the energy downturn are just beginning to be
felt by the country's biggest lenders. In a pre-announcement
before second quarter financial results are released later this
month, the Edmonton-based bank said it will record C$33 million
($26 million) of provisions for credit losses on its oil and gas
production portfolio.

= 1.2765 Canadian dollars)

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