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Business innovation has continued to fade despite billions in federal cash: memo

OTTAWA — Spending billions of public dollars over two decades has done little to reverse Canada’s long decline in the key economic category of business innovation, the federal government acknowledges in a newly released document.

The self-assessment, contained in a “secret” memorandum to Finance Minister Joe Oliver, underlines how chronically sluggish business innovation remains “of great concern” for Canadian productivity. READ

Statistics Canada says gross domestic product edged down 0.1 per cent in April

The Canadian economy slipped in April, hurt by weakness in the mining and energy sectors, to post the fourth consecutive monthly decline. READ

Public sector jobs increased more than private sector over decade: report

A new report shows job growth in Canada’s public sector far outpaced that in the private sector over a decade. READ

Canada can pursue trade deal while protecting supply management, says Harper

Prime Minister Stephen Harper says Canada will defend its supply management system for dairy and poultry while still pursuing one of the biggest trade deals in history. READ

Figures show average wait time was 12 minutes on government 1-800 number

Calling the government to ask about your employment insurance case? Get comfortable — you’re likely to wait more than 10 minutes to talk with someone. READ

One year later, government hasn’t recouped two thirds of disputed late fees

The federal government remains locked in a battle with telecom companies over $2.4 million in late fees because department phone bills weren’t paid on time. READ

IATA pauses voluntary plan to shrink the size of permitted carry-on luggage

A global airline association is rethinking its efforts to shrink the size of carry-on luggage permitted on planes. READ

Canadian Pacific asks judge not to approve Lac-Megantic derailment settlement

Lawyers for Canadian Pacific Railway Ltd. asked a Quebec judge not to approve a proposed $430-million settlement fund for victims of the Lac-Megantic train derailment because they say its terms are unfair to the company. READ

Canadians unaware of TPP trade deal: poll

It’s the biggest free trade deal Canadians never heard of. A new poll suggests three in four Canadians have no idea that Canada is one of 12 countries immersed in negotiations for the Trans-Pacific Partnership. READ

Canadian Pacific legal challenge plunges Lac-Megantic settlement into question

A lawyer for the defunct railroad at the center of the Lac-Megantic train derailment said Canadian Pacific Railway Ltd. is acting deplorably and offensively by attempting to shut down proceedings to distribute over $430 million to victims and creditors of the 2013 tragedy. READ

Big Oil’s push for a carbon tax a pragmatic move, not just PR, experts say

It may seem odd to hear Big Oil tout a policy that would make it costlier to do business. READ

Royalty rivalry: Saskatchewan courts oil and gas investment in Alberta

If energy companies are skittish about investing in Alberta, they’re welcome to set up shop next door, Saskatchewan’s economy minister said Wednesday. READ

Blacks to shutter all 59 photography stores in Canada as of August

Photography chain Blacks is shuttering all of its 59 stores in Canada after nearly 70 years of selling pictures, albums and frames to capture treasured family moments. READ

Tim Hortons controversy shows the pros, cons of brand association: experts

Tim Hortons is getting a crash course in brand association as the company tries to extinguish the fracas over its decision to pull ads for pipeline giant Enbridge. READ

Canada gains 58,900 jobs in May, cautiously fuelling hope of economic turnaround

The hobbled economy received an encouraging jolt last month from a surging labour market, one that bolstered workplaces considered key to the country’s rebound: factories. READ

Canada seeks $3 billion in tariffs on US products, in step toward trade war

Canada has filed a request to impose more than $3 billion a year in tariffs on the United States in the latest move in an ongoing trade dispute. READ

EU leaders say trade deal with Canada is done

The European Union leadership presented a united front on their trade agreement with Canada on Friday in an attempt to dampen concerns that some European countries might still scuttle the deal. 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

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