PRESS DIGEST- Canada - Oct 11


Oct 11 (Reuters) - The following are the top stories fromselected Canadian newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.


* The head of Ontario's horse racing regulator has steppeddown on the eve of a major restructuring of the industry and theunveiling of a new formula for how public money is funneled totracks. Ontario Premier Kathleen Wynne will release the newblueprint on Friday at the Grand River Raceway north of Guelph,Ontario. ()

* Rogers Communications Inc said a software glitchcreated a big spike in "signaling traffic" that caused one ofthe worst wireless network outages in the company's history.Canada's largest wireless carrier determined that root cause onThursday roughly 18 hours after implementing a fix that restoredvoice and text services for customers across the country. ()

Reports in the business section:

* BlackBerry Ltd's co-founders say they may launch atakeover bid for the beleaguered smartphone maker, intensifyinga battle over whether the company survives as a stand-aloneentity or is carved into pieces. ()

* The days of Ontario bragging about being the largestauto-making jurisdiction in Canada and the United States arecoming to an end. Michigan has roared into first place invehicle manufacturing among states and provinces this year,knocking Ontario off the perch it has enjoyed since 2004. ()


* Canada's aerospace industry could lose about C$10.5billion ($10.11 billion) worth of contracts over several decadesif the federal government ultimately decides not to purchase thecontroversial F-35 Stealth Fighter, says a senior executive atLockheed Martin Corp. ()


* Jana Partners, the New York activist hedge fund that wageda proxy fight against Agrium Inc, said on Thursday thatit has reduced its stake in the fertilizer giant. Still, thefund will remain among Agrium's biggest shareholders with a 2.7percent stake, down from its previous 7.6 percent position. ()

* Enbridge Inc is working to open a major newpathway to the U.S. Gulf Coast for Alberta bitumen, solidifyinga commercial link between the world's No. 3 crude deposit andthe Texas refining corridor that has so far eluded industryplanners. ()

View Comments (0)