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National Business

Caffeine withdrawal: Tim Hortons shutters some restaurants in New York and Maine

TORONTO — Turns out not everyone has time for Tim Hortons, especially in the United States.

The coffee and doughnut chain took surprise measures this week when it pulled the plug on some restaurants in New York and Maine as part of a performance review. READ

Trudeau tries to bring Canada back to Asia at APEC summit in Manila

Prime Minister Justin Trudeau arrived in Manila on Tuesday night, with two vexing economic challenges waiting for him at the second major international summit of his first foreign trip. READ

After Keystone XL denial, a boom for crude-by-rail is not a foregone conclusion

Now that the Keystone XL pipeline has been rejected, it's not a foregone conclusion that much of the 830,000 barrels a day that would have flowed through it will move on trains instead, industry watchers say. READ

Telus cuts 1,500 positions to lower expenses as it raises shareholder payments

Wireless provider Telus Corp. is planning to reduce its workforce by 1,500 positions as it boosts dividend payments to shareholders. READ

Canada side deal with U.S. on illicit trade emerges with release of TPP text

Canada has signed almost two dozen side letters with its trading partners in the Trans-Pacific Partnership, including an agreement with the United States to combat illicit trade. READ

As he departs, Joe Oliver says he hopes finance successor will curb deficits

Outgoing finance minister Joe Oliver says he hopes his Liberal successor won't allow the party's promised deficits to spiral out of control. READ

TransCanada denies politics at play in request to suspend Keystone XL review

The company behind the long-delayed Keystone XL pipeline denies the 2016 U.S. presidential election was a factor when it asked for the review of the project to be suspended. READ

Alberta premier says climate change key to progress on Keystone pipeline

Alberta Premier Rachel Notley says progress on addressing climate change is the key to getting pipelines built. READ

Economy adds 12,000 jobs in September, unemployment rate rises to 7.1 per cent

The Canadian economy added 12,000 jobs in September, but the unemployment rate climbed to its highest level since February 2014 as more people entered the labour force. READ

Nortel not just Canadian company, IP not solely created in Canada: U.S. lawyer

TORONTO — It’s a fallacy to think of Nortel Networks as just a Canadian company and that its intellectual property was created solely in Canada, a lawyer for its U.S. subsidiary said Tuesday at a cross-border bankruptcy trial that will decide how remaining assets are shared among creditors. READ

Oliver rejects report calling for spending to create jobs, less focus on deficit

Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jobs than eliminating a tiny deficit. READ

Wave of smarter data collection could transform how business works

A new wave of intelligent sensors, cameras and tracking devices is expected to sweep across Canada over the next few years, quickly transforming how business is done — much as smartphones took communications to a new level of performance. READ

Former ambassador not confident Keystone will be approved

MONTREAL — A former Canadian ambassador says he’s less confident now than he was a few years ago about the U.S. giving the Keystone XL pipeline project the green light. READ

Canada Post reports Q1 loss

OTTAWA, Ont. — Canada Post had a $27-million loss before taxes in the first quarter of this year amid an overall drop in revenue as it handled lower volumes of bills and statements delivered by mail. READ

Business to have role in Arctic debates, says Aglukkaq

Creating a bigger presence for industry at the world’s premiere international forum on northern issues won’t distract from its work on environmental problems, says the Conservative cabinet minister about to lead the group. READ

Volatile gasoline prices head lower after recent spike

Pump-panicked motorists in Canada might be breathing a little easier after this week’s sudden spike in gasoline prices — but experts fear price shocks will continue in coming days as commodity traders speculate about economic stimulus south of the border. READ

Bank waiting for better times

The Bank of Canada is hinting it will need to keep interest rates at super-low levels for a while longer, saying stronger economic growth isn’t in the cards for the country until next year. READ

Labrador Trough miners optimistic about future despite falling iron ore prices

Canada’s mining industry remains confident about the Labrador Trough’s long-term prospects even though waning iron ore prices could prompt some companies to delay their massive development projects in Quebec’s northern region. READ

Quarterly measure of home affordability deteriorates

It’s getting more difficult to pay for the costs of owning a home in Canada and the situation will likely worsen, the Royal Bank said Tuesday. READ

Businesses should be confident to invest: Carney

Bank of Canada governor Mark Carney says growing access to capital should make Canadian businesses confident to invest, despite the financial chaos that has rocked Europe and troubling signals out of the United States. READ

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