PRESS DIGEST- Canada- Oct 4

Reuters

Oct 4 (Reuters) - The following are the top stories fromselected Canadian newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.

THE GLOBE AND MAIL

* Employment Minister Jason Kenney is embracing the emergingfield of social finance, launching training programs that willreceive federal cash only if certain targets are met and privatemoney is invested. Ottawa will tie federal funding for twoliteracy and skills training programs to final test scores andthe ability to attract outside investors. ()

* Severely entrenched addicts who were recently grantedHealth Canada authorization to receive prescription heroin - afirst in the country - will explore their legal options afterthe federal government announced it has banned the practice,effective immediately. ()

Reports in the business section:

* BlackBerry Ltd may soon have $500 million morecash to help fund a buyout, thanks to a tax refund it expects toreceive in the next year. The money, which BlackBerry refers toin financial documents this week as "a significant income taxrefund," would be a timely cash infusion that would enable apotential buyer to use less borrowed money. ()

* One of Canada's largest discount chains, Giant TigerStores Ltd, is exploring a sale that could value it at aroundC$800 million ($775.64 million) three people familiar with thematter said on Thursday. The chain, which has more than 200stores throughout Canada and employs more than 7,000 people, hashired Goldman Sachs Group Inc to advise on a potentialsale, the sources said. ()

NATIONAL POST

* A new organization called Libdemo launched in Montreal onThursday to raise awareness about vote-splitting between theLiberals, NDP and Green Party that it claims enabledConservative election wins in 2006 and 2011. It claims that hadthe progressive left united prior to the last election, it wouldhave won a "truly representative majority government" with 195seats. ()

* In a sudden managerial shakeup, two high-level TorontoTransit Commission's executives were shown the door Thursday byCEO Andy Byford. Dave Dixon, the agency's chief operationsofficer, as well as his deputy, Jim Teeple, left TTC, effectiveThursday afternoon. ()

FINANCIAL POST

* Canada's major telecom companies have been given thego-ahead by the Federal Court of Appeal to challenge part of theCanadian Radio-television and Telecommunications Commission'snew wireless code of conduct that would affect three-yearcellphone contracts retroactively as the industry moves totwo-year contracts. ()

* TransCanada Corp has delayed its goal of filingan application for its proposed Energy East Pipeline with theNational Energy Board until next year, the company'svice-president of eastern business development said on Thursday.Steve Pohlod said in an energy conference that there is too muchwork to do to be able to meet its initial goal of filing theapplication for the C$12 billion ($11.63 billion) project beforethe end of this year. ()

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