June 26 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
** Canada's federal government is preparing a financial compensation package for Canadian dairy and poultry farmers as a way to blunt the impact of signing onto a massive Pacific Rim trade deal which could allow a surge of agricultural imports from other countries. (bit.ly/1J9l50X)
** Sobeys Inc is preparing to shave 1,300 jobs in the wake of its takeover of Safeway Canada as the country's second-largest grocer looks to consolidate its distribution and office operations and cut costs. (bit.ly/1IhmGmN)
** Alberta's plan to increase carbon fees and toughen its climate strategy adds costs and more uncertainty to an industry already struggling to cope with the sharp plunge in oil prices. (bit.ly/1RC7P6S)
** Potash Corp of Saskatchewan Inc submitted a written proposal to buy German fertilizer giant K&S AG , just two years after its last effort failed. The Saskatoon-based company. According to reports, the offer is in the neighbourhood of $8 billion. (bit.ly/1IhmYtZ)
** HarperPAC, a conservative third-party group, has announced it is shutting down operations less than a week after its launch. HarperPAC was formed by a team of Conservatives including several former political staffers. Its efforts included a radio ad that targeted Liberal Leader Justin Trudeau. (bit.ly/1Hks2g9) (Compiled by Rishika Sadam in Bengaluru)