March 2, 2017 / 11:13 AM / 9 months ago

PRESS DIGEST- Canada-March 2

March 2 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


** British Columbia health officials have granted all the required licences to allow the sale of Retirement Concepts to a subsidiary of Anbang Insurance in a deal believed to have exceeded C$1 billion ($748 million). The firm has faced questions in the United States over its ownership and possible ties to the Chinese state.

** Republican fundraiser and activist Kelly Craft has moved a step closer to becoming Donald Trump's ambassador to Canada. She is being vetted by the U.S. State Department, the first move toward an appointment.


** Immigration Minister Ahmed Hussen doubled down on Wednesday on Liberal legislation that, along with several major changes to immigration law, would reinstate the citizenship of a convicted militant.

** The Bank of Canada is holding its benchmark overnight interest rate at 0.5 percent as it says Canada faces "persistent economic slack."

** Federal finance minister Bill Morneau says he will be pressing ahead with budget plans, including possible adjustments to Canada's tax regime, despite gleaning few specifics during a meeting on Wednesday with U.S. Treasury Secretary Steven Mnuchin in Washington about what shape U.S. tax reform will take.

$1 = C$1.34 Compiled by Kanishka Singh in Bengaluru

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