PRESS DIGEST - Canada - Jan 15

TORONTO Jan 15 (Reuters) - These are some of the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL:

-CIBC (CM.TO) raising C$2.75 billion, becomes first Canadian institution to join giants that have sold stakes to protect balance sheet amid fallout from U.S. subprime mortgage crisis

-MPs push forward timetable of investigation of ex-PM Mulroney in bid to wrap up probe before a possible federal election

-New Brunswick van crash: Other jurisdictions outlawed 15-seater vans, similar to type in which 7 basketball players and a teacher were killed

Report on Business Section:

-CIBC braces for new hit, buys breathing room for more charges with surprise share issue which suggests further writedowns are going to take place

-SEC takes fresh look at oil sands reserves, a move which could boost the value of the enormous resource

-GM (GM.N) Chairman Wagoner says Americans reluctant to buy smaller vehicles, fueling the race to develop more energy-efficient technology

NATIONAL POST:

-C$2.75 billion bailout for CIBC; investors' injection mirrors U.S. rescue acts

-Type of van in New Brunswick crash called 'death trap,' has been banned widely in United States for school use

Financial Post Section:

-Four investors buy C$1.5 billion of bank's C$2.75 billion stock issue at 13.5 percent discount, others get 7 percent markdown

-Bankers balk at Quebecor World IQW.TO rescue bid; plan stands 'not a chance' (QBRa.TO) (BAMa.TO)

-Ottawa's auto rebate plan a disaster 'from a company and consumer perspective,' says GM's CEO

Looking for more information from local sources? Factiva.com has 35 Canadian sources including Financial Post and The Globe and Mail.