July 31 (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
** Bombardier Inc BBDb.TO pushed back the commercial
launch of its Global 7000 corporate jet by two years as chief
executive Alain Bellemare slows the company's output of business
aircraft and tries to reset near-term sales expectations for its
flagship C Series plane. (http://bit.ly/1De3sy5)
** Home Capital Group Inc HCG.TO began suspending mortgage
brokers after its board of directors received a letter from an
anonymous whistle-blower last fall pointing it to problems with
some of its mortgages, company officials confirmed Thursday. (http://bit.ly/1IxloUr)
** Major landlords of failed retailer Target Canada have
raised concerns about the U.S. parent's role in the insolvency
process - and whether it jeopardizes creditors' collecting what
could be billions of dollars they are owed.
RioCan Real Estate Investment Trust REI_u.TO , the largest
landlord of Target Canada, contends the retailer could be
holding back on releasing vital information, possibly putting
all creditors at a disadvantage. (http://bit.ly/1eFBKy5)
NATIONAL POST
** The federal and provincial governments have put aside
their differences to help expand Toyota's 7203.T manufacturing
operations in Southern Ontario. The two governments will provide
a total of $100 million toward Toyota's planned $421-million
investment in the automaker's Cambridge operations. (http://bit.ly/1MBpX2F)
** Barrick Gold Corp ABX.TO has struck a deal to sell a 50
percent stake in its Zaldivar copper mine in Chile for just over
$1 billion, giving the company's balance sheet some much-needed
relief. The buyer is Antofagasta Plc ANTO.L , a large Chilean
copper miner. (http://bit.ly/1MBq9iv)
** Goldcorp Inc G.TO has slashed its dividend 60 percent
in order to maintain financial flexibility in a miserable gold
market. The Vancouver-based mining giant announced on Thursday
that it cut the monthly dividend to two cents per share, down
from five cents. The move will save Goldcorp almost $300 million
a year. (http://bit.ly/1MBqdid)