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Ford recalls power cables due to fire risk

OAKVILLE, Ont.—Ford is recalling the charging cords for more than 50,000 plug-in hybrid and electric cars in North America, including 1,327 in Canada, because they could cause fires in electrical outlets.

The company said the 120-volt cords came with certain 2012 through 2015 Focus electrics and some 2013 through 2015 Fusion Energi and C-Max Energi plug-in hybrids.

World’s biggest shipping firm to test Russian Arctic route

COPENHAGEN — Danish shipping group A.P. Moller-Maersk said Thursday it will send a cargo vessel through the Russian Arctic for the first time as a result of melting sea ice.

Janina von Spalding, spokeswoman for the world’s biggest shipping company, said the new ice class container vessel, Venta Maersk, would embark on trial journey in the Arctic route over Russia next month.

CPP Fund grows to $366.6 billion at end of June

TORONTO — Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March.

The Toronto-based fund manager says CPP Fund’s gain included $3.9 billion of net contributions from the Canada Pension Plan and $6.6 billion from its investments, after all CPPIB costs.