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National Business

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

OTTAWA — 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.

The gains were entirely to increased part-time work, which added 74,000 jobs, while full-time employment fell by 62,000. 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

Canadian dollar falls sharply

The loonie closed sharply lower Wednesday amid a strong indication that the damage from Europe’s debt crisis is spreading to the heart of the eurozone and the region’s biggest economy — Germany. READ

Corporate tax rate falling: study

The study released Wednesday by KPMG International found Canada’s corporate tax rate has dropped by more than 16 per cent over the last 11 years. READ

WestJet wins slots at New York’s LaGuardia airport

WestJet Airlines Ltd. said Wednesday its planes could soon fly into New York’s LaGuardia airport after it snapped up takeoff and landing slots in an auction. READ

Age 55 doesn’t equal Mortgage freedom for many Canadians

More than one-in-three Canadians expect they’ll be carrying mortgage debt long after they turn 65, according to Royal Bank’s (TSX:RY) latest housing survey. READ

Canada risks losing $300M in pork exports if Korean trade talks don’t resume

Canada risks losing all of its $300 million in annual pork exports to South Korea along with market share in some other agricultural products if it doesn’t quickly sign a free trade deal with Seoul, industry officials said Thursday. READ

Take stock - September 16

The Ford assembly plant in the southwestern Ontario community of St. Thomas closes today after four decades. With closure, the last of 1,200 hourly-paid employees at the plant will be thrown out of work. A decade ago, there were about 3,600 union members at the factory. READ

Take stock - August 13

Construction equipment dealer Finning International Inc. (TSX:FTT) reported record second quarter earnings on higher revenues to due “exceptionally strong new equipment sales.” READ

BHP buys potash permit from Russians

BHP Billiton may have lost its fight for PotashCorp, but the company isn’t turning its back on developing its own potash assets in Saskatchewan. READ

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