Reuters: Regulatory News: PRESS DIGEST - Canada - Aug 20

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PRESS DIGEST - Canada - Aug 20 Aug 20th 2012, 10:21 Mon Aug 20, 2012 6:21am EDT Aug 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. * Corrections Canada faces years of big budget cuts even as its resources are stretched increasingly thin. The federal agency must trim $295 million in spending by 2015 as part of the Conservative government's deficit-reduction program. * General Motors of Canada Ltd is tackling a broad array of costs, making substantial changes to pension plans and health-care benefits for its salaried employees as it kicks off wage negotiations with its unionized workers. * It has little money or organization, but Quebec's Conservative party, which once ruled the province before falling into oblivion, is trying to make a comeback in the Sept. 4 election. * With home-ownership rates headed for record levels and the federal government tightening lending rules to cool the market, the question now is whether we have reached the saturation point.

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