Skip to content

National Business

'What recession?': US employers add 528,000 jobs in July

'What recession?': US employers add 528,000 jobs in July

WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections.
Héroux-Devtek reports lower Q1 profit amid supply chain issues

Héroux-Devtek reports lower Q1 profit amid supply chain issues

LONGUEUIL, Que. — Héroux-Devtek Inc. reported net income of $965,000 for its latest quarter, down from $6.7 million in the same period last year. The Longueuil, Que.
Two months of job losses a sign of shifting economy, economist suggests

Two months of job losses a sign of shifting economy, economist suggests

OTTAWA — Canada's economy appears to be backing away from the rapid jobs growth seen earlier this year, with July marking the second-straight month of job losses, even as the unemployment rate held steady. The jobless rate stayed at 4.
Suncor must stop diagnosing and start executing workplace safety changes: Interim CEO

Suncor must stop diagnosing and start executing workplace safety changes: Interim CEO

CALGARY — The new interim CEO of Suncor Energy Inc. says the oil and gas giant is ready to stop studying its workplace safety problem and start implementing solutions instead.
Power utility TransAlta reports $80 million loss in second quarter

Power utility TransAlta reports $80 million loss in second quarter

CALGARY — TransAlta Corp. reported a loss of $80 million in its latest quarter compared with a loss of $12 million in the same quarter last year.
Canopy Growth sees $2B net loss as Ontario cannabis company takes large writedown

Canopy Growth sees $2B net loss as Ontario cannabis company takes large writedown

Canopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72 billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter.

Here's a quick glance at unemployment rates for July, by Canadian city

OTTAWA — The national unemployment rate was 4.9 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

Here's a quick glance at unemployment rates for July, by province

OTTAWA — Canada's national unemployment rate was 4.9 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.2 per cent (9.9) _ Prince Edward Island 5.

National employment numbers for July from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's July employment (numbers from the previous month in brackets): Unemployment rate: 4.9 per cent (4.9) Employment rate: 61.6 per cent (61.7) Participation rate: 64.7 per cent (64.
BRP buys 80% stake in German gearbox technology firm in bid to expand business

BRP buys 80% stake in German gearbox technology firm in bid to expand business

VALCOURT, Que. — BRP Inc. says it has acquired an 80 per cent stake in a German gearbox technology company.