This WooThemes video sums up the main difference between the business and magazine template pages, and how the sliders work for each page layout application.
http://www.woothemes.com/2011/02/how-to-customize-the-canvas-theme-part-3/
About Chris
Chris has been a web designer & developer for almost 20 years. That's crazy! He's a college instructor devoted to helping WordPress users become masters of their own content design workflows on the Mac. When he's not logged in, Chris enjoys cycling, roasting coffee, brewing ale, and being a dad of two awesome kids.