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Pension plans slip on European debt

Canadian defined benefit pension plans saw their investments slip 1.1 per cent in the second quarter, giving up some of their gains from the first three months of the year, a new report by RBC Investor Services says.

Bell extends Olympic deal

Bell Canada is extending its sponsorship deal with the Canadian Olympic Committee for another four years. That means the current agreement will now run to 2016.

Grocer's profit takes a dive

George Weston Ltd. says its second-quarter profit was down nearly 15 per cent from the same time last year and it expects the full-year 2012 results will be lower than in 2011, mainly due to costs at its Loblaw grocery division.

$2.1-billion expansion for oilsands pipeline

Inter Pipeline Fund announced a $2.1-billion plan to expand its pipeline system after inking a deal with a venture between Cenovus Energy and ConocoPhillips.
Quebec against $1.7-billion bid for Rona

Quebec against $1.7-billion bid for Rona

Quebec has come out swinging against a $1.76-billion bid for Canada's largest home improvement company by U.S.-based Lowe's, which is expected to keep up the pressure to buy Rona despite having its offer rejected.

Ontario wants drought relief

Ontario is applying to the federal government for financial assistance to help ease the effects of a drought gripping the province.

Recycling for a good cause

Dockside Green residents have made a $500 donation to Community Micro Lending Society - proceeds from a month's worth of returnable cans and bottles.

Sino-Forest owed millions by ghost firms

$500 million lost to de-registered companies

Catalyst to close Arizona recycle mill

Pulp and paper producer Catalyst Paper has announced the permanent closure of its Snowflake recycle mill in northeastern Arizona and its subsidiary, the Apache Railway Company.

Datebook

Wednesday, Aug. 15. WestShore Chamber of Commerce member appreciation mixer, 5 to 8 p.m., 2830 Aldwynd Rd.
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