September 12, 2017 / 10:42 AM / 10 months ago

PRESS DIGEST- Canada - Sept 12

Sept 12 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** Canada Mortgage and Housing Corp reported that national starts of new home construction hit a seasonally adjusted annual rate of 223,232 units last month, up slightly from July's 221,974.

** Home Capital Group Inc's Oaken Financial division has been tantalizing investors with Guaranteed Investment Certificate (GIC) rates that were well-above most other Canadian GIC issuers, especially the large banks, after its investors and depositors lost confidence in the lender earlier this year.

** Enbridge Inc has run into a serious setback with its proposed C$7.5 billion ($6.2 billion) Line 3 expansion as Minnesota's Department of Commerce concluded the company has not established a need for the project as required under state rules.


** Aspiring ultra-low-cost carrier Canada Jetlines Ltd will fly out of Hamilton and Waterloo when it launches next summer and offer customers a base fare below C$100, its chief executive said on Monday.

** The federal government is proposing to end what one pharmacist has called the "dirty little secret" of Canadian drug policy, requiring a prescription for codeine-containing drugs that are now freely available over the counter.

** Distribution and sales of marijuana, after it has been legalized, will be carried out via a chain of special-purpose stores operated by the Liquor Control Board of Ontario (LCBO) and staffed by members of the Ontario Public Service Employees Union (OPSEU), thus fulfilling two key objectives of legalization: more money for the LCBO, and more members for OPSEU. ($1 = C$1.21) (Compiled by Bengaluru newsroom)

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