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- Canadian skier Erik Guay announces that he'll miss the Olympic downhill Sunday because of a severely bruised calf and an inflamed knee. (Mercury News)
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- At a conference, executives of the Canadian timber products industry predict consolidation of their industry into fewer, larger entities to ensure viability in the global market. (CBC News)
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- Dofasco Inc., a Canadian steel manufacturer, in the midst of selling itself to Arcelor reports a massive 71 percent slide in fourth-quarter profit, due to higher input costs and lower demand for steel. (Reuters Canada)
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