CANADA

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Holders opposing Magna deal see possible win: report

Holders of about 8 million shares in Magna International class A stock, or about 8 percent of the total outstanding, have confirmed they voted against a plan to sell 20 percent of the auto-parts maker to a Russian billionaire, the Globe and Mail newspaper said.

U.S. Steel to buy Stelco for about $1.1 billion

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U.S. Steel Corp is to acquire Stelco Inc for about $1.1 billion to strengthen its position as a supplier of flat-rolled steel products in North America, the companies said. Stelco, the last big Canadian-owned steelmaker, had put itself on the auction block in June after a wave of takeovers within the Canadian steel industry.
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Wendy's to serve breakfast in 750 restaurants

Wendy's International Inc said on Wednesday it now expects to serve breakfast in nearly 750 of its restaurants in the United States and Canada by the end of the current third quarter.
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U.S., Canada reviewing Nexium, see no heart risk

U.S. and Canadian regulators said on Thursday they were reviewing AstraZeneca Plc's widely used stomach drugs, Nexium and Prilosec, after data raised concern about heart problems with long-term use.
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Canada's housing market cooling at 'steady pace'

Canadian housing starts fell 4.3 percent in July to miss estimates while new home prices rose at a slower pace than in the prior month, suggesting a steady cooling of the domestic housing market.
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Web networking boom blasts into the workplace

After years of socializing, Facebook and MySpace mean business. The sites, which started as a way to help people stay connected with friends, in the past year have begun catering to professionals, offering networking and advertising opportunities.
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U.S. biotech industry awaits Europe approval speedup

The U.S. biotechnology industry is awaiting this fall's deadline for Europe to speed up its approval of new biotech food and crops -- a process Washington has long complained is woefully slow -- in the hope of increased access to a major market.
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BA hit with record fine for price-fixing

British Airways revealed the biggest fine in its history on Wednesday as it reached settlements with the U.S. and UK authorities for price fixing that could cost it up to 350 million pounds ($711 million).
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Bre-X gold scam figure not guilty on all counts

John Felderhof, the lone remaining key figure in the multibillion-dollar Bre-X gold fraud, was found not guilty on Tuesday of insider trading and misleading investors in the only prosecution brought in the greatest mining scam of all time.
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Gap names drug chain exec Murphy as CEO

Gap Inc. on Thursday named Glenn Murphy as its new chief executive and chairman, giving a respected former Canadian drug chain chief with no significant fashion industry experience the mandate to turn around the world's largest apparel retailer.
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Young keep it simple in high-tech world: survey

While young people embrace the Web with real or virtual friends and their cell phone is never far away, relatively few like technology and those that do tend to be in Brazil, India and China, according to a survey.
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Canada May wholesale trade rebounds

Canadian wholesale trade grew 0.6 percent in May from April, slightly more than expected, while inventories fell for the first time in five months, Statistics Canada said on Thursday.
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Aging population poses problems for Canada: report

Canada's population is aging so quickly that in a decade, there could be more people leaving the work force than entering it, a factor which will pose major challenges for employers, Statistics Canada said on Tuesday.
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Canada inflation still above central bank target

Canadian inflation numbers came in lower than expected in June, but stayed above the Bank of Canada's 2 percent target, adding weight to the view that the bank will hike interest rates at least one more time.

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