CNBC's Rick Santelli compares Canada's jobs number to this morning's U.S. nonfarm payroll report.» Read More
With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.
*C$ ends at C $0.9789, or $1.0216. 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.
U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.
CALGARY, Alberta, Oct 5- Canadian cash crude prices weakened for the fourth straight session on Friday as production from the Alberta oil sands looked set to increase for next month.
NASCAR will not race in Montreal next season after the promoter pulled the plug on the six-year relationship when he couldn't secure a premiere Sprint Cup Series event.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data. The Toronto Stock Exchange's S&P/TSX composite index. unofficially ended down 28.69 points, or 0.23 percent, at 12,418.99.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.
Oct 5- For the folks on the front lines of mutual fund management at Canada's top two banks, investor focus on fixed income and aversion to equities is fueling concern that clients may never risk enough to get the returns they need.
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.