Business

Potash Corp. of Saskatchewan Inc. said Thursday that it will shut down its Lanigan potash mine for four weeks. The inventory-related shutdown will run from Sept. 15 and Oct. 13, the company said on its website.

Maritime bulk carrier Fednav Ltd. will add six new energyefficient vessels to its fleet that will be built in Japan for carrying such cargo as grain, steel, sugar and iron ore. Financial terms of the deal with Japan's Sumitomo Corp.

Nova Scotia's economic development minister says Research in Motion Ltd. has cut almost a quarter of its Halifaxarea staff. Percy Paris says he learned the smartphone maker is laying off about 95 employees.

The CEOs of three multimedia companies have written to the minister of Canadian Heritage, complaining that two federally funded agencies have become involved in the $3.4-billion BellAstral deal.

Catalyst Paper says it has reached an agreement to sell its Elk Falls site in B.C. to Pacifica Deep Sea Terminals for $8.6 million in a deal the buyer says will create 400 jobs in the region.

Victoria media baron David Black has unveiled an ambitious plan for a $13-billion refinery near Kitimat, which he said could lessen the environmental risk of transporting oilsands crude through Enbridge Inc.’s proposed Northern Gateway pipeline.

Danier Leather Inc. had a bigger fourth-quarter loss and reduced annual profit for the 2011-12 financial year after one of the warmest Canadian winters on record cut into its sales of outerwear. The Toronto based company had a $2.

Health Canada has announced a recall of Babylicious-brand crib fringes, saying the products are a strangulation hazard. The fringes attach to the top of crib railings.

An accident at one of Encana Corp.'s natural gas wells in Colorado has killed one worker and injured three others.

Corrosion in a single pipe was behind an explosion and fire at the Co-op refinery in Regina last fall, fire inspectors said Thursday. Their report said a tear almost 18 centimetres long triggered the initial explosion and subsequent smaller ones.