U.S. Markets closed

PRESS DIGEST- Canada - March 7

March 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* Enbridge Inc has won approval to reverse the flow of oil in its Line 9 pipeline between Southern Ontario and Quebec, a contentious project aimed at giving Quebec refiners access to more affordable Western Canadian and North Dakota oil. ()

* The union representing 41,000 teachers in British Columbia has voted overwhelmingly in favour of job action, although its president says there will be no immediate school closures or disruptions to students, and members are committed to a negotiated settlement. ()

Reports in the business section:

* As grocers slash prices to win bargain-hungry customers, makers of food and consumer goods are pushing back against heavy discounting of their products. In the intensified competition, grocers have demanded price cuts from their suppliers. Now vendors are retaliating by setting minimum advertised prices in a bid to stop retailers from using their merchandise as loss leaders. ()

* Canada is on the verge of clinching a free-trade deal with South Korea after more than half a decade of on-and-off negotiations, and an announcement is expected early next week. ()


* British Columbians will soon be able to buy wine and beer at the same grocery store where they pick up their eggs and bread. ()

* Toronto moved one step closer to having a ranked ballot vote in municipal elections, an initiative that is getting support from across the political spectrum. ()


* John Chen has surprised skeptics and pleased investors, but the BlackBerry chief says his next aim is to get the devices business growing and to expand its BBM messaging service. ()

* Target Corp made a splash with colourful billboards, ads and flyers in Canada. But in this country of heavy Internet usage, it's website doesn't show much of what it sells. ()