Daily News

Global growth continuing at a moderate pace, OECD says

Paris, France - A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to...
Sep 19, 2014 12:07PM

After three months of gains, wholesale sales of machinery and equipment stall

Ottawa - Following three consecutive monthly gains, wholesale sales decreased 0.3% to $52.9 billion in July 2014, Statistics Canada reports. Declines in five subsectors, which together represented 81% of wholesale sales, more than offset an...
Sep 19, 2014 11:43AM

Dangers of offshoring exposed in new book

To empower companies to bring operations back to the United States, Dave Lippert, the president of Hamilton Caster, and industry veteran Tim Hutzel, spent the past three years co-authoring a book that exposes the dangers and hidden costs of...
Sep 19, 2014 11:21AM

Should we stay or should we go? Scottish voters make the ultimate decision in referendum on UK

London - Breaking up is hard to do, especially after 307 years. The entire United Kingdom will find out just how hard if Scotland chooses independence in today’s vote.
Sep 18, 2014 9:18AM

BlackBerry's QNX sees opportunity for maintenance of broken equipment

Toronto — Finally, someone might fix those potholes littering your neighbourhood.
Sep 17, 2014 2:24PM

Emerson selling its Power Transmission Solutions business

St. Louis, MO – Emerson says it is "evaluating strategic alternatives" for its Power Transmission Solutions business unit. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value,...
Sep 17, 2014 2:19PM

Ontario manufacturer to award new scholarship at McMaster University

Markham, ON - Shimco, a manufacturer of precision parts, laminated and edge bonded shims, tapers and spacers, has initiated the Shimco Scholarship at McMaster University located in Hamilton, ON. The scholarship will be awarded annually to a...
Sep 17, 2014 6:49AM

Job vacancies jumped in June

Ottawa - Canadian businesses reported 235,000 job vacancies in June 2014, up 15,000 compared with 12 months earlier. For every job vacancy, there were 5.8 unemployed people, down slightly from 6.2 in June 2013, the result of more job vacancies,...
Sep 16, 2014 11:59AM

Canadian manufacturing sales increase 2.5% in July, with Ontario a hot spot

Ottawa - Canadian manufacturing sales increased 2.5% to $53.7 billion in July 2014, exceeding the previous record of $53.2 billion set in July 2008, according to the latest Monthly Survey of Manufacturing from Statistics Canada. Manufacturing...
Sep 16, 2014 11:52AM

Eaton showcases latest hydraulic and filtration solutions at annual distributor meeting

Eden Prairie, MN -- Power management company Eaton this week is holding its 2014 Eaton Distributor Meeting (EDM), an industry-unique event, in Orlando, FL. The only event of its kind for the hydraulics industry, the EDM brings together more...
Sep 16, 2014 3:41AM

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