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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.

Business awards gala set to go

Roll out the red carpet—the Fort Frances Chamber of Commerce will honour some of the district’s finest this Saturday night during its 12th-annual business awards at La Place Rendez-Vous.

Chamber manager Dawn Booth said she’s been hard at work planning the evening, to which she once again is looking forward.

TBayTel launches IT services

TBayTel is pleased to be the first single-source provider in Northern Ontario to offer small- and medium-sized business customers managed information technology services.

The delivery model is like nothing currently being offered.

TBayTel’s new Direct IT-Managed IT Services was launched last Thursday in Thunder Bay.

Rainy River business moving to Alberton

Rainy River will be losing one of its biggest businesses in the upcoming weeks as Lowes Furniture moves to Alberton.

The business was a spin-off from Lowes Lumber and Furniture in Sleeman about 12 years ago and has been an anchor on Rainy River’s Main Street ever since.

However, owner and operator Dale Lowes said it has stopped growing—and that’s not good in any business.

Barwick mill faces downtime

VANCOUVER—Ainsworth Lumber Co. Ltd. says it will temporarily shut down operations at four of its oriented strandboard mills before the end of the year, and two of those mills also will operate on a reduced production schedule indefinitely.

Vancouver-based Ainsworth cited operating losses, log supply shortages, and a decline in orders for the curtailments.

Rafferty gets recount

After finishing 41 votes behind Liberal candidate Bill Mauro in Thunder Bay-Atikokan in last week’s provincial election, NDP candidate John Rafferty will get a recount.

The Ontario NDP reported this morning that their request for a judicial recount was approved.

‘Whisky in Focus’ promotion launched

The LCBO on Monday launched “Whisky in Focus,” its largest-ever whisky promotion, as sales of the popular spirit are projected to top $520 million by year-end—more than $16 million higher than last year.

“Whisky is re-emerging as the preferred spirits drink for many Ontarians,” said Michael Riley, Business Unit Director, Spirits Category, who is chief whisky buyer for the LCBO.