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News from Reuters

Reuters Canada Business Summary

01/07/08

Chrysler St. Louis cut seen good for Canada 0lant

TORONTO (Reuters) - Chrysler LLC's decision to shut down its St. Louis minivan plant is good news for the company's van plant in Windsor, Ontario, although it underscores the long-term uncertainty of the van segment, an analyst said on Monday. "I think for now the production there is safe," said Aaron Bragman, an automotive analyst at Global Insight, of the Windsor plant, which currently runs three shifts producing the industry-leading Town & Country and Dodge Grand Caravan minivan models.

Oil rises on Middle East tension, supply worries

LONDON (Reuters) - Oil rose more than $2 on Tuesday after the International Energy Agency revived concerns about long-term supply shortages and tension between Israel and Iran raised fears about possible outages in the much nearer term. U.S. crude rose $2.06 to $142.06 a barrel by 1126 GMT (7:26 a.m. EDT). London Brent crude rose $2.41 to $142.24.

BCE defers second-quarter common share dividend

TORONTO (Reuters) - BCE Inc , the telecom giant being bought out for C$34.8 billion by a group of private-equity investors, is deferring a dividend payment on its common stock while it works to complete the deal. BCE said late on Monday said

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