PRESS DIGEST-Canada-Oct 25

Thu Oct 25, 2012 6:15am EDT
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Oct 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.


* Billionaire entrepreneur and Edmonton Oilers owner Daryl Katz gave Alberta's Progressive Conservatives nearly half a million dollars -- almost one third of the party's total fundraising in a single donation -- as Premier Alison Redford's cash strapped campaign was staring down defeat at the ballot box in the spring election.

* Finance Minister Jim Flaherty confirmed Wednesday that the recession has derailed Ottawa's long-term debt plans and new targets won't be set until the government starts posting yearly surpluses again -- which is not forecast to happen for three more years.

Reports in the business section:

* Buffeted by volatile markets for the commodities it produces, Teck Resources Ltd is deferring some C$1.5 billion ($1.50 billion) in capital spending over the next year or so, the latest in a string of Canadian resource companies to rewrite its plans in response to rising costs and an unpredictable outlook for the economy.   Continued...