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at 16:50 on August 7, 2008, EDT.
TORONTO - The Toronto stock market couldn't shake its losses and closed Thursday's session just off its lowest levels of the day led by weakness in financials.
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at 16:52 on August 7, 2008, EDT.
NEW YORK - Oil prices jumped back above US$120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for a fire at key Turkish pipeline that supplies Western countries.
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at 17:37 on August 7, 2008, EDT.
MONTREAL - Venerable grocery banners Dominion and A&P will soon disappear as Canada's third-largest surpermarket chain, Metro Inc. (TSX:MRU.A), plans to consolidate five store names in Ontario under the Metro moniker.
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at 14:08 on August 7, 2008, EDT.
VANCOUVER - Lundin Mining Corp. (TSX:LUN) said it plans to be "cleaned up" and have a "sharper focus" by 2009, a pledge it made after announcing a massive writedown on its Aljustrel zinc project in Portugal and warning more charges could follow.
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at 8:59 on August 7, 2008, EDT.
OTTAWA - The residential and non-residential sectors both dropped as the total value of building permits in June fell 5.3 per cent from May to $6.3 billion.
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at 10:00 on August 7, 2008, EDT.
TORONTO - Manulife Financial Corp. (TSX:MFC) raised its dividend eight per cent even as second-quarter profits fell nine per cent to $998 million from a year-ago $1.1 billion, citing a good operational performance relative to volatile market conditions.
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at 12:37 on August 7, 2008, EDT.
TORONTO - Canadian Tire Corp. (TSX:CTC.A) reported Thursday a second-quarter profit of $97.7 million, down 20.3 per cent from a year-ago $122.5 million, as it recorded $15.1-million worth of charges related to a relaunch of its branded Options MasterCard and inventory writedowns ?? at its Mark's Work Warehouse clothing stores.
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at 15:42 on August 7, 2008, EDT.
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ), whose Horizon oilsands project has run over budget because of snags in getting processing units up and running, reported a quarterly loss of $347 million on risk-management activities.
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at 16:51 on August 7, 2008, EDT.
TORONTO - Despite rising food and fuel prices in Canada and the U.S., Tim Hortons Inc. (TSX:THI) says it's on track to meet its 10 per cent income growth rate for the year after serving up an 11.5 per cent increase in its quarterly profits.
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at 10:00 on August 7, 2008, EDT.
NEW YORK - Lexus once again stands alone atop a closely watched list of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J.D. Power and Associates said Thursday.
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