National Business

at 22:24 on March 18, 2010, EDT.

Fortress to acquire Quebec manufacturing facility from Fraser Papers for $3M

VANCOUVER, B.C. - Fortress Paper Ltd. has signed an agreement to acquire a manufacturing facility in Thurso, Que., from insolvent Fraser Papers Inc. for $3 million.

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at 19:51 on March 18, 2010, EDT.

Palm sales slump in third quarter as its new phones struggle for attention; stock hammered

NEW YORK - Palm Inc. reported sales figures Thursday that showed it's having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and BlackBerrys.

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at 19:12 on March 18, 2010, EDT.

Home improvment retailer Lowe's to open its first Saskatchewan store in Regina

TORONTO - Home improvement retailer Lowe's plans to open its first Saskatchewan store in Regina, sometime in the company's fiscal 2011 first quarter.

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at 18:22 on March 18, 2010, EDT.

CRTC says private conventional TV stations booked $116.4 million loss last year

TORONTO - Canada's biggest private television broadcasters made major cuts last year, as they grappled with the recession, but the industry still booked a big financial loss.

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at 18:21 on March 18, 2010, EDT.

Canadian bookworms shouldn't expect parity on the price of their books

TORONTO - Cloy Hinbest picked up a bestseller at a downtown Toronto bookstore, and was immediately struck by the disparity between the Canadian and U.S. prices listed on the book's jacket, even as the loonie hovers around par with the U.S. greenback.

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at 18:20 on March 18, 2010, EDT.

Retail gasoline prices hit $2.80 per gallon, highest mark since October 2008

U.S. motorists are paying the highest prices for gas since October 2008.

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at 18:19 on March 18, 2010, EDT.

Auto sector collapse pushes trade with U.S. and Mexico to fall 23 per cent in 2009

MONTREAL - A structural change in demand for autos and wood products will likely limit growth in North American trade for years after it suffered its worst decline in 2009 since NAFTA went into effect 15 years ago, analysts said Thursday.

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at 18:18 on March 18, 2010, EDT.

A tale of two recoveries: The super-rich are spending again, but gloom persists for the rest

WASHINGTON - For the super-rich and everyone else, the economic recovery is taking place in two very different gears.

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at 17:38 on March 18, 2010, EDT.

New wireless player Public Mobile to carve out place with no-frills service

MONTREAL - New wireless player Public Mobile is looking to win customers who don't already have cellphones with a no-contract, no-frills service that lets it avoid competing directly with established carriers.

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at 17:37 on March 18, 2010, EDT.

Sliding commodity stocks push TSX lower; N.Y. helped along by inflation data

TORONTO - The Toronto stock market closed lower as doubts about what European countries will do to help Greece with its debt crisis pushed the U.S. dollar higher and punished commodity prices.

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