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St. Lawrence Seaway cargo shipments up 18 per cent in first half of season

MONTREAL — The St. Lawrence Seaway is recovering from the worst cargo season in years with an unexpected resurgence in exports of iron ore and grain in the first half of the shipping year.

Cargo shipments increased 18 per cent between March 20 and July 31 from a year ago to 16 million tonnes, according to the St. Lawrence Seaway Management Corp.

Norbord Q2 profit doubles

TORONTO—Norbord Inc. increased its dividend as it reported its second-quarter profit more than doubled compared with a year ago.

The maker of oriented strand board said it will pay 50 cents (Cdn.) per share under its variable dividend policy, up from a payment of 20 cents (Cdn.) in its last quarterly payment to shareholders.