May 27 (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
** Canadian companies suffered their least-profitable
quarter in more than five years in the first quarter, as the
damage from the oil crash reached new depths. Statistics
Canada's quarterly survey of private-sector, for-profit
corporations said countrywide operating profits totalled
C$73.1-billion ($56.09 billion)- their lowest since Q4 2010. Toronto homeowners may get a shock later this month when
they open their property assessment notices to find the value of
their home has jumped nearly 50 percent. The latest assessment
data released by the Municipal Property Assessment Corp show
property values in Toronto have appreciated 30 percent on
average over the past four years. Donald Trump's hold on an eponymous Toronto hotel is
slipping away, as one-time partner Alex Shnaider and his bank
attempt to sell Trump International Hotel & Tower Toronto or put
the troubled property into creditor protection and sever their
management contract with Trump's company. POST
** Canadian PM Justin Trudeau got an "unequivocal"
commitment from other G7 countries on Friday to not pay
terrorist groups to release kidnapped hostages and got some
backing for Canada's position that the world's leading economies
most do more to empower women. The Trans Mountain pipeline expansion project will not
face multi-year delay, Kinder Morgan (NYSE:KMI) KMI.N Canada president
Ian Anderson said on Thursday. Anderson said his company would
begin construction work on Trans Mountain next summer, assuming
it receives final federal approval in December. Three of Canada's big banks disclosed higher impaired
loans and loan loss provisions related to weakness in the
oilpatch on Thursday, but the financial damage was not as
extensive as many had feared, with one bank suggesting a "high
water mark" may have been reached. = 1.3033 Canadian dollars)