National Business

LONDON (AP) — Mohamed Al Fayed, the flamboyant Egypt-born businessman whose son was killed in a car crash with Princess Diana, died this week, his family said Friday. He was 94.

TORONTO — Canada's main stock index gained more than one per cent Friday on broad-based strength after the latest GDP report helped bolster hopes that the Bank of Canada could be done hiking interest rates, while U.S. markets were mixed.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,545.36, up 252.74 points): Suncor Energy Inc. (TSX:SU). Energy. Up 68 cents, or 1.49 per cent, to $46.45 on 16.6 million shares.

Almost half of Canadians say the right to strike outweighs the risk of economic consequences, a new survey from the Angus Reid Institute found.

CALGARY — As crude oil prices hit a twelve-month high on Friday, Canadians planning to hit the road for the last long weekend of summer will pay more for gasoline than they did last Labour Day. The national average gasoline price as of Friday was $1.

CALGARY — The latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market. The data shows 2,729 propertieswere sold in the month, an increase of 27.

GATINEAU, Que. — The Competition Bureau has cleared RBC's proposed $13.5-billion takeover of HSBC Bank Canada despite concerns about concentration in Canada's financial sector.

WASHINGTON (AP) — America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

OTTAWA — Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end.

NEW YORK (AP) — Stocks are opening higher on Wall Street after a closely watched report showed that the job market, while still healthy, has been showing some signs of cooling.