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National Business

Saputo Inc. sells Australian dairy operations for $244 million

MONTREAL — Canadian cheese and dairy giant Saputo Inc. has sold one of its production plants in Australia to local rival Bega Cheese for $244 million.

Hydrogen sulfide leak at Suncor refinery sends workers to hospital

EDMONTON — A number of people at Suncor's refinery in Edmonton were sent to hospital after a toxic gas was released at the facility.
EU fines Google a record $5 billion over mobile practices

EU fines Google a record $5 billion over mobile practices

BRUSSELS — European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $5 billion for forcing cellphone makers that use the company's Android operating system to install Google search and browser apps.

Detour Gold raises securities law concerns over Paulson and Co. statements

TORONTO — Detour Gold Corp. says it has raised concerns with securities regulators about statements by a U.S. hedge fund.
Kinder Morgan Canada earns $13.7 million in Q2 in 45 per cent drop

Kinder Morgan Canada earns $13.7 million in Q2 in 45 per cent drop

CALGARY — Kinder Morgan says the $4.5 billion deal to sell Trans Mountain pipeline assets to the federal government is progressing well.
CP Rail second-quarter profits hurt by disruptions related to labour strife

CP Rail second-quarter profits hurt by disruptions related to labour strife

CALGARY — Canadian Pacific Railway Ltd. says service interruptions related to labour negotiations and strike notices caused its net income to decrease 10 per cent in the second quarter despite higher revenues.
Toronto stock market ticks lower, while U.S. markets mixed; Loonie moves down

Toronto stock market ticks lower, while U.S. markets mixed; Loonie moves down

Canada's main stock index closed down along with the loonie as the energy and consumer staples sectors lost ground, while U.S. markets were mixed. The modest uptick in most U.S.

Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,477.40, down 41.84 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 30 cents, or 5.75 per cent, to $4.92 on 15.
CRA lawyers say Loblaw misused Barbadian subsidiary for tax avoidance

CRA lawyers say Loblaw misused Barbadian subsidiary for tax avoidance

TORONTO — Loblaw Companies Ltd.
Blockbuster not yet selling Russell Crowe's jockstrap

Blockbuster not yet selling Russell Crowe's jockstrap

ANCHORAGE, Alaska — Everything in the closing Blockbuster video stores in Alaska is for sale, except the celebrity jockstrap.