PRESS DIGEST- Canada - Dec 8

Mon Dec 8, 2014 5:37am EST
 
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Dec 8 (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

** A self-imposed deadline to sell off more than C$2 billion ($1.75 billion) in government assets is forcing a tough decision on the Conservative Tory government: sell when prices are low or hold the assets and put a return to balanced budgets at risk. Federal revenues are already expected to take a significant hit due to the recent slide in oil prices, which has forced the government to shrink its projections for next year's surplus down to C$1.6 billion. But other market factors are adding stress to the government's fiscal plans. (bit.ly/1w5np2I)

** One out of every four inmates who cycled through federal penitentiaries last year spent some time in solitary confinement, an extreme form of incarceration that is undermining efforts to rehabilitate offenders, Canada's prison watchdog Howard Sapers said in an interview on Sunday. (bit.ly/12hayjs)

** Green bonds - which raise money for projects that help mitigate climate change - have grown from a niche market to a substantial portion of the fixed income market, a new report says. And Canada is emerging as a significant player in that market, thanks to three large green bond issues in 2014. (bit.ly/1yZoOsX)

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