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PRESS DIGEST- Canada-July 6

Published 2017-07-06, 07:51 a/m
© Reuters.  PRESS DIGEST- Canada-July 6
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July 6 (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

** Condo prices are surging in Greater Vancouver, while the market for detached properties has bounced back less than a year after a tax on foreign buyers cooled off sales. https://tgam.ca/2tjXsCE

** Individual investors and private corporations own about 90 percent of Canada's purpose-built rental apartment units and most markets with a higher concentration of individual investors have lower average rents, according to a new report from the Canada Mortgage and Housing Corp. https://tgam.ca/2tkfZyG

** The Competition Bureau has entered Canada's fight for fair ticketing practices, asking both original vendors and resale marketplaces to reveal that total value of event-ticket prices up front, rather than marketing "misleading" prices that avoid including service fees. https://tgam.ca/2tkflS0

NATIONAL POST

** In a rare interview, Bill McCaffrey, MEG Energy Corp's MEG.TO nose-to-the-grindstone CEO, says Alberta's oil industry has made many changes and deserves recognition for moving the sector forward. The Canada Pension Plan Investment Board, which stood apart from other major pension plans and Canadian financial institutions because it didn't have a chief risk officer, appears to have had a change of heart. Neil Beaumont, who was most recently vice-president of Finance Minerals America for BHP Billiton (LON:BLT), will become chief financial and risk officer at CPPIB on July 24.

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