Aug 5 (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
** Publicly held GMP Capital Inc GMP.TO announced late Thursday that it is buying privately held FirstEnergy (NYSE:FE) Capital Corp for C$98.6 million ($75.78 million). GMP will pay for the deal by issuing C$58.9 million ($45.27 million) in stock, that will be paid out to FirstEnergy shareholders over four years, and the balance through the issuance of an unsecured promissory note. Malaysia's state-owned Petronas PGAS.KL says it expects to make up its mind about whether to construct a huge energy project in Canada after it studies a crucial ruling pending from the federal Liberal cabinet. With the dismissal of the chief executive of McInnis Cement, investors led by Bombardier Inc 's BBDb.TO founding family are hoping to get the C$1.1 billion ($845.37 million)cement project in Quebec's Gaspe peninsula back on track amid massive cost overruns. POST
** Veresen Inc VSN.TO plans to shift away from power generation in favor of tightening its focus on midstream natural gas assets, a decision that comes as the company's proposal to build a West Coast LNG export facility remains snared in regulatory delays. Two months after it avoided insolvency by selling assets in Saskatchewan, Penn West Petroleum Ltd PWT.TO plans to nearly double capital spending for the rest of the year. = 1.3012 Canadian dollars)