Pension coverage in Canada slips while German economy shrinks
Statistics Canada finds 39 percent of Canadian workers were covered by defined benefit pensions in 1994, down from 40 percent in 1986, as analysts blame shifts to defined contribution plans. Also, Germany reports 0.5 percent quarterly contraction led by construction amid high unemployment. Calvin Klein Jeanswear sues PriceCostco in Newark over counterfeit goods seeking injunction rather than damages. hearing set for June 28.
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Ex-teacher builds handwoven business on rural Ontario farm
Evelyn Hopping, a former teacher on a 52 acre Clyde area farm near Cambridge, runs Hopping's Hill Handweaving. With five looms in the house and one in the barn she weaves rugs and blankets from natural fibers for country customers. She began after buying a 1900 loom in 1992 and learned business skills through CODA.
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Evelyn Hopping
Cambridge
Alberta
Reed Mfg. Co
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CODA
Susan Douglas
Ayr
BioChem Pharma sees AIDS drug 31C capture market lead
BioChem Pharma reports its AIDS drug 31C capturing 35 percent of North American sales five months after launch. President Francesco Bellini says 31C rivals AZ in market share as the company projects rising profits and a major new product next year Lamivudine targets hepatitis B affecting about 350 million globally.
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Toronto and New York stocks retreat at noon
Toronto and New York stock markets slide with the TSE 300 down 36.1 to 5158.9 and the Dow average off 5.18 to 5692.3. Trading remains active in Toronto as Potash Corp and several tech and resource issues move while gold and silver lead declines.
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Vancouver stock market mixed as VSE slips mid-morning
Vancouver exchange trades show 9.54 million shares moving with 99 advancers, 302 declines and 140 unchanged. VSE index sits at 1350.53, down 37.12 from Wednesday, led by Arizona Star dropping to 3.16 on 252,816 shares and Kensington Resources to 3.07 on 206,600. Major players include Vanessa Ventures steady at .75 and Indomin down to 4.10 on 10,400.
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Winnipeg grain market slips on U S soybean weakness
Winnipeg Commodities Exchange trades show canola and flax prices down as U S soy complex drags values lower. Traders report limited selling, covering shorts, with a mix of hedges and commercial buying across new crop months and a strong finish in Western barley and canola export sales to Japan.
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Winnipeg Commodity Exchange
U.S
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Edmonton livestock market report at Edmonton Stockyard
Receipts to 11 a.m. totalled 500 cattle and calves with Tuesday at 903 head. Slaughter cattle cows 35 to 42, good bulls 42 to 54. Feeder cattle and hogs details by weight class, with hogs sold by Alberta Pork producers at averages around 1.95 per kg for 7,167 hogs and sows at 1.37 or 1.31 per kg. Total sales 7,479.
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