PRESS DIGEST - Canada - Nov 3

Tue Nov 3, 2009 11:38am GMT
 
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Nov 3 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL:

- While thousands of Canadians line up for H1N1 vaccinations and people around the world worry about the spread of the virus, the pandemic is proving to be a financial windfall for many big corporations.

- Afghanistan President Hamid Karzai welcomed his re-election by default Tuesday and reached out to opponents, promising to create a government of national participation and banish corruption that has undermined his administration.

BUSINESS:

- A little-known numbered company inside CanWest Global Communications Corp CGS.TO is now at the heart of a major legal battle between Goldman Sachs Group Inc (GS.N) and the powerful bondholders controlling the media company.

Goldman is attacking the distressed funds that control Canada's largest media company and asking the courts to rebuild barriers that separate CanWest's profitable specialty television from its parent.

- For the first time since 1964, automakers are on pace to produce fewer vehicles in Canada than they sell here -- a development that has alarmed the Canadian Auto Workers union and underscores how badly the severe slump in the U.S. market has hammered Canada's largest manufacturing industry.

NATIONAL POST:  Continued...

 

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