Business Canada

More

  • OTTAWA, Oct 5- Canada's industry minister appeared to suggest on Friday that investors should not read too much into his extending the timeline for review of the proposed takeover of Progress Energy Resources Corp by Malaysian state oil company Petronas, saying such extensions are normal.

  • OTTAWA, Oct 5- All but 7 percent of Canada's federally regulated, private defined-benefit pension plans were underfunded at the end of 2011, the government's Office of the Superintendent of Financial Institutions reported on Friday. This has caused some like Air Canada to seek adjustments and concessions.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • *MPs await trial, face up to 20 years in jail* Defence lawyer slams charges as politically motivated* Passions simmer in Kyrgyzstan's restive south* Attacks on Canadian firm may scare foreign investors By Olga Dzyubenko.

  • *GM will keep Oshawa, Ontario, line open for an extra year. Oct 5- General Motors of Canada said on Friday it will add a third shift to the flexible manufacturing line at its assembly plant in Oshawa, Ontario, so that it can meet demand for its Chevrolet Impala sedan.

  • The Labor Department says that the unemployment rate fell to 7.8 percent in September, down from 8.1 percent in August. The euro rose to $1.3025 in late trading Friday from $1.3018 late Thursday. The British pound fell to $1.6140 from $1.6185.

  • BISHKEK, Oct 5- A court in Kyrgyzstan on Friday charged three opposition nationalist members of parliament with attempting to seize power after they led a crowd to storm government headquarters in protest over a Canadian-owned gold mine.

  • Nutritional supplements seller ViSalus Inc and semiconductor company Cortina Systems Inc also withdrew their IPOs last month. Dave& Buster's owns and operates stores that combine dining and entertainment, providing a casual dining menu with a range of entertainment options. Dave& Buster's is majority backed by Oak Hill Capital Partners.

  • OTTAWA, Oct 5- Canada's budget deficit for the 2011-12 fiscal year was a higher-than-forecast C $26.2 billion, in part because the European crisis cut revenues, government officials said on Friday.

  • *GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.

  • TORONTO, Oct 5- Canada's main stock index turned negative in choppy trade on Friday, easing from a two-week high as a rally in financials was offset by weakness in energy and materials shares. The Toronto Stock Exchange's S&P/TSX composite index. fell 1.58 points to 12,446.10, before modestly extending losses to 12,437.29.

  • FRANKFURT, Oct 5- Lufthansa is seeking to unify standards across its group of five airlines for the engines and cockpits of planes it would deploy in future as part of efforts to boost its purchasing power over aircraft makers.

  • TORONTO, Oct 5- Toronto's main stock index rose to a two-week high on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. In Canada, the economy added 52,100 jobs in September, more than five times the consensus figure analysts had expected, and bolstering the Bank of Canada's case for an eventual interest rate rise.

  • TORONTO-- Canada's economy turned in one of the strongest job creation months of the year in September, adding an eye-popping 52,100 new jobs, Statistics Canada said Friday.

  • OTTAWA, Oct 5- Final figures show that Canada's budget deficit for the 2011-12 fiscal year was C $26.2 billion, down from C $33.4 billion the previous year, Finance Minister Jim Flaherty said on Friday. Canada's deficit-to-GDP ratio is one of the lowest among major Western economies.

  • *C$ strengthens to C $0.9746, or $1.0261. The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, while Canada added a thumping 52,100 jobs, almost all of them full-time, defying expectations and bolstering the Bank of Canada's case for an eventual interest rate rise.

  • TORONTO, Oct 5- Canada's main stock index opened higher on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. The Toronto Stock Exchange's S&P/TSX composite index. opened up 6.99 points, or 0.06 percent, to 12,454.67, before modestly extending gains to 12,472.40.

  • HOUSTON-- Actress Daryl Hannah of "Splash" fame was arrested in northeast Texas on Thursday, along with a 78- year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast.

  • *Jobless rate 7.4 pct vs 7.3 pct as more search for work. OTTAWA, Oct 5-- The Canadian economy added a thumping 52,100 jobs in September, almost all of them full-time, defying expectations and bolstering the Bank of Canada's case for an eventual interest rate rise.

  • *C$ strengthens to C $0.9741, or $1.0266* Canadian currency at its strongest since Sept. 21* U.S., Canadian employment data point to resilience By Alastair Sharp. TORONTO, Oct 5- Canada's dollar pushed to a two-week high versus its U.S. counterpart on Friday after jobs data showed the North American labor market improved in September.