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PRESS DIGEST- Canada - May 19

Published 2017-05-19, 06:41 a/m
Updated 2017-05-19, 06:50 a/m
© Reuters.  PRESS DIGEST- Canada - May 19

May 19 (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

** The Trudeau government is threatening to jettison a multibillion-dollar purchase of Boeing (NYSE:BA) Super Hornet fighters if the United States proceeds with damaging trade action against Montreal-based Bombardier Inc BBDb.TO - a warning shot fired the same day the Trump administration officially started the countdown to the renegotiation of the North American free-trade agreement. (https://tgam.ca/2rlb2po)

** Russia is warning Canada the adoption of a Magnitsky-style law would result in a significant blow to bilateral relations, while a prominent Russian dissident commends Ottawa's decision to support sanctions against human-rights abusers worldwide. (https://tgam.ca/2rysDGQ)

** The Alberta government will provide a $235 million loan to accelerate the work of cleaning up "orphan" oil and gas wells that have come with a rash of bankruptcies connected to the global crude-price drop. (https://tgam.ca/2qykCE0)

NATIONAL POST

** The CPP Fund, which houses investments for the Canada Pension Plan, rose to $316.7 billion at the end of March on the back of an 11.8 percent net annual investment return. A number of class action lawsuits have been filed against Barrick Gold Corp ABX.TO , alleging the world's largest gold miner misled shareholders about the fallout of its most recent cyanide spill at a flagship mine in Argentina.

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