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<div id="productAbstract">

		
			<p id="updated">Posted  on 07/11/07</p>
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			<h2>High dollar hammers profits</h2>
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<p class="byline">
								
                                
 GREG KEENAN
									
							
, BERTRAND MAROTTE
									
							
 and TARA PERKINS
									
							</p>

<p class="source">With a file from reporter John Partridge</p>    


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			From food and financial services to forest products and auto parts, the soaring dollar has created upheaval for Canadian businesses in the third quarter.Magna International Inc., Canada's biggest auto parts maker said yesterday it has closed some Canadian plants and shifted the work to Mexico, the country's largest life insurance company took a $56-million currency hit and losses deepened at a forest industry giant as the dollar neared parity in the three months ended Sept. 30.
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	<p class="note">The full text of this article has <em class="wordlength">951 words</em>.</p>

	
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