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Business

Soaring loonie weighs on Emo merchants

“I think we’re doing extremely well [financially] this year,” president Colleen Vennechenko said as she opened the Emo Chamber of Commerce meeting held Monday night at the Emo Inn.

“I don’t think we’ve been spending the money or doing the advertising that we’ve been doing in the past,” she noted. “But that’s something we definitely should be doing right now and in the future.”

‘Spirit of Christmas’ a hit

Although attendance at the “Spirit of Christmas” was down slightly from last year, the 13th-annual event on Sunday at La Place Rendez-Vous raised more than $13,000, which will be shared between the local branch of the Canadian Cancer Society and the Fort Frances “Community Chest.”

NEXUS aims to make border crossing easier for residents

FORT FRANCES—“Cross often? Make it simple, use NEXUS.”

That catch-phrase will apply to Borderland residents next year as an enrolment centre and travel lane for NEXUS, a program designed to expedite the border clearance process for low-risk, pre-approved travellers into Canada and the United States, are expected be opened in International Falls.

Breast screening goes digital

Women across Northwestern Ontario will benefit from a new digital mammography unit that was installed last week on the Ontario Breast Screening Program’s Mobile Coach, thanks to an investment of close to $1 million from Cancer Care Ontario and the Northern Cancer Research Foundation.

Ainsworth trims Q3 loss

VANCOUVER—Ainsworth Lumber Co. Ltd. said its third-quarter loss shrank compared to last year after production curtailments and thanks to a significant foreign exchange gain.

The Vancouver-based firm reported a third-quarter loss of $37.2 million, or $2.54 per share, compared to a loss of $77.5 million, or $5.29 per share, for the same period last year.

Abitibi launches operations review

MONTREAL—AbitibiBowater Inc. is launching a 30-day review of operations following the combination of Abitibi-Consolidated Inc. and Bowater Inc., completed Oct. 29.

Abitibi-Consolidated separately said today it earned third-quarter net income of $54 million, 12 cents a share, compared with a year-earlier loss of $48 million, 11 cents per share.