December 15th, 2017

Business

‘Unstoppable’ labour market adds jobs for 12th month, drops jobless rate to 5.9%

By Andy Blatchford, The Canadian Press on December 1st, 2017

OTTAWA – A wave of job creation last month knocked the unemployment rate down to 5.9 per cent – its lowest level in nearly a decade. The economy churned out another 79,500 net new jobs in November and drove the jobless rate down 0.4 percentage points from 6.3 per cent the month before, Statistics Canada ... Read More »

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Meghan Markle wears coat by Montreal’s Mackage at event with Prince Harry

By The Canadian Press on December 1st, 2017

Meghan Markle is continuing to boost Canadian fashion labels as she tours the U.K. with her new fiance Prince Harry. At a charity event in Nottingham for World AIDS Day today, Markle wore a long navy double-breasted wool coat by Montreal-based outerwear label Mackage. Mackage’s communications director Hugo Thibault says the company’s website traffic was ... Read More »

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BlackBerry ordered to pay Nokia $137M by international arbitration panel

By The Canadian Press on December 1st, 2017

WATERLOO, Ont. – BlackBerry Ltd. says the International Chamber of Commerce’s International Court of Arbitration has ruled against the company in a dispute with Nokia Corp. The arbitration panel awarded Nokia approximately $137 million. BlackBerry says the dispute was related to whether certain payments allegedly due under a patent license contract between the companies were ... Read More »

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US factory growth slowed in November but still looks strong

By Paul Wiseman, The Associated Press on December 1st, 2017

WASHINGTON – American factories grew more slowly in November but still appear healthy. The Institute for Supply Management says its manufacturing index slipped to 58.2 last month from 58.7 in October. Anything above 50 signals that U.S. factories are expanding. American manufacturing is on a 15-month winning streak. New orders and production grew faster in ... Read More »

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‘Embarrassed’ Geraldo Rivera apologizes for ‘tawdry’ memoir

By The Associated Press on December 1st, 2017

NEW YORK – Geraldo Rivera is apologizing for a memoir published a quarter-century ago that sexual experiences he says he’s now “embarrassed” about. Fox News Channel reporter Rivera in a Friday tweet cites his “tawdry” book and what he calls “consensual events” it describes. He describes its tone as “distasteful” and “disrespectful.” He says he’s ... Read More »

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US construction spending up a strong 1.4 per cent in October

By Martin Crutsinger, The Associated Press on December 1st, 2017

WASHINGTON – U.S. construction spending surged 1.4 per cent in October, the best gain in five months, with all major categories of building posting gains. The Commerce Department says the October spending increase was the third monthly gain after more modest advances of 0.3 per cent in September and 0.5 per cent in August. Home ... Read More »

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Failing to address harassment allegations can cost employers

By Andrew Welsh-Huggins, The Associated Press on December 1st, 2017

COLUMBUS, Ohio – When it comes to sexual harassment allegations, no employer wants to find itself in the position an Indiana university was in during the 1990s, when a woman complained to a senior administrator that the school’s chancellor had groped her. “Oh, no, not again,” said the administrator at Indiana University’s South Bend campus. ... Read More »

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National Bank reports fourth-quarter profit up from year ago, raises dividend

By The Canadian Press on December 1st, 2017

MONTREAL – National Bank of Canada raised its dividend as it reported fourth-quarter net income grew to $525 million. The bank (TSX:NA) increased its quarterly payment to its common shareholders by two cents to 60 cents per share. The move came as National Bank says its net income amounted to $1.39 per diluted share for ... Read More »

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

By The Canadian Press on December 1st, 2017

OTTAWA – A quick look at November employment (previous month in brackets): Unemployment rate: 5.9 per cent (6.3) Employment rate: 61.8 per cent (61.6) Labour force participation rate: 65.7 per cent (65.7) Number unemployed: 1,156,500 (1,235,400) Number working: 18,568,900 (18,489,400) Youth (15-24 years) unemployment rate: 10.8 per cent (11.1) Men (25 plus) unemployment rate: 5.3 ... Read More »

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Here’s a quick glance at unemployment rates for November, by Canadian city

By The Canadian Press on December 1st, 2017

OTTAWA – The national unemployment rate was 5.9 per cent in November. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (previous month in ... Read More »

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