Business News as of 9 a.m. ET – CP

Source: The Canadian Press
Sep 4, 2015

FRIDAY, SEPTEMBER 4, 9 a.m. ET.

BUSINESS NEWS ADVISORY

Here are the CP Business Department’s plans for today as of 9 a.m. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don’t hesitate to email Business Editor Lee-Anne Goodman at lee-anne.goodman?thecanadianpress.com, or the department at business?thecanadianpress.com. We can also be reached at 416-507-2138.

COVERING

Craig Wong in Ottawa will have more on the August jobs numbers

CP Ottawa is at a Supreme Court decision on the appeal of Chevron Corporation versus Daniel Carlos Lusitande Yaiguaje

Ian Bickis in Calgary will have a story on mining company Nevsun defending its human rights record in Eritrea

NEWS NOW

Canada adds 12,000 jobs in August, but unemployment rate ticks up

Statcan-Jobs

OTTAWA _ Statcan: Canada’s economy added 12,000 jobs in August, but the unemployment rate rose by 0.2 percentage points to 7.0 per cent. The agency says Canada’s unemployment rate was up because more people were looking for work. Will be updated. By Craig Wong.

___

US employers add 173K jobs in August, rate falls to 5.1 pct.

US-Economy

WASHINGTON _ The unemployment rate tumbled to a seven-year low in August as employers added a modest 173,000 jobs, complicating the U.S. Federal Reserve’s decision whether to raise rates in two weeks.The Labor Department says the unemployment rate fell to 5.1 per cent from 5.3 per cent, the lowest since April 2008. APNewsNow.

___

High court rules in Chevron Ecuador case

SCOC-Chevron-Ecuador

OTTAWA _ The Supreme Court of Canada rules this morning on whether Ecuadorian villagers have the right to use an Ontario court to seek billions in damages for environmental contamination from a major oil company. But the ruling won’t be the final word in the long-running legal saga that has played out in courtrooms across the Western Hemisphere. Will be updated.

___

YouTube teams with Rogers radio network

Rogers-YouTube-Radio

TORONTO _ Rogers is launching a radio program called “YouTube Hits” that will feature on-air appearances by some of the Internet portal’s biggest attractions from Canada.The one-hour program will be hosted each weekend by Blake Carter and Adam Wylde of KISS 92.5 in Toronto in collaboration with YouTube Canada. Moves Business and Entertainment. Guard against duplication.

___

Tweed Marijuana acquires MedCannAccess

Tweed-MCA

TORONTO _ Tweed Marijuana Inc. (TSXV:TWD) has agreed to buy MedCannAccess in an all-stock deal that will allow the medical marijuana producer to connect with its clients face-to-face via three community access centres in Ontario. Tweed will also acquire from MedCannAccess a 33 per cent stake in CannScience Innovations Inc., a health science research company based out of the MaRS Centre in Toronto that is working with marijuana extracts to provide precise, standardized doses of medicinal cannabis. 480 words. By Alexandra Posadzki.

___

Oil startup more Silicon Valley than Cowtown

Imaginea

CALGARY _ Imaginea Energy Corp. has a lot of what one would expect to see in the office of a junior oil and gas company: geological maps of Alberta on the walls and filing cabinets brimming with folders of well data. But it also has floor cushions for weekly company-wide meditation sessions, a box of Lego in a meeting room, three skateboards leaning against a cubicle and an electric guitar suspended above the desk across the way. VIDEO, PHOTOS. 580 words. By Lauren Krugel.

CALENDAR

ANKARA _ Finance Minister Joe Oliver participates in the G-20 Finance Ministers and Central Bank Governors Meeting. Through Sept. 5.

MONTREAL _ Le Chateau Inc. reports second-quarter financial results.

OTTAWA _ Statistics Canada releases the labour force survey for August and the labour productivity, hourly compensation and unity labour cost, for the second quarter. (8:30 a.m. at www.statcan.gc.ca)

x-OTTAWA _ The Supreme Court of Canada renders a decision in the appeal of Chevron Corporation v Daniel Carlos Lusitande Yaiguaje (foreign judgments). Background briefing on the judgment begins at 8:15 a.m. (9:45 a.m. at Supreme Court of Canada, 301 Wellington St.)

EDMONTON _ Meeting of the College of Physicians and Surgeons of Alberta. Through Sept. 4. (8 a.m. at Suite 2700, 10020 100 St.)

WINNIPEG _ Aboriginal leaders speak out against third-party management systems for reserves. (9:30 a.m. at 365 Hargrave Street)

FORT ST. JAMES, B.C. _ Jobs, Tourism and Skills Training Minister Shirley Bond and Aboriginal Relations Minister John Rustad make an announcement about a construction training program for Aboriginals. (1:30 p.m. at College of New Caledonia, 179 Douglas Avenue)

PARKSVILLE, B.C. _ Provincial announcement about adult literacy. (10 a.m. at The Career Centre, 110 – 198 East Island Highway)

PRINCE GEORGE, B.C. _ An announcement about the Emily Carr Centre for Design Innovation and Entrepreneurship at the Wood Innovation and Design Centre. (9 a.m. at 499 George Street)

THE CANADIAN PRESS

INDEX: ADVISORIES BUSINESS