National Business

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.

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.

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.

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.

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 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.

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.

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.

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.

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