Daily News

Belting Association and Power Transmission Distributors Association to hold joint meeting in 2017

Chicago, IL - The Boards of Directors of NIBA-The Belting Association and the Power Transmission Distributors Association (PTDA) are planning to get together for a joint annual conference. The NIBA/PTDA Joint Industry Summit is to be held in...
Aug 18, 2014 11:13AM


June's manufacturing sales had 5th gain in 6 months

Ottawa - Manufacturing sales rose 0.6% in June 2014 to $52.0 billion, the fifth gain in six months, according to the latest Monthly Survey of Manufacturing from Statistics Canada. The gain stemmed from a 3.0% increase in non-durable goods...
Aug 18, 2014 10:53AM


Blackstone signs deal to purchase Gates from Onex and Canada Pension Plan for $5.4 billion

Denver, CO – In April 2014, private equity funds managed by Blackstone entered into a definitive purchase agreement with affiliates of Onex Corporation and Canada Pension Plan Investment Board to acquire all of the equity interests in...
Aug 18, 2014 6:43AM


Unemployment rate drops slightly to 7.0% in July but most job growth is for part-time work (corrected report from Statistics Canada)

Note to readers: Statistics Canada has corrected its July 2014 Labour Force Survey initially issued (and published here) on Aug. 8; this updated version was released Aug. 15.
Aug 15, 2014 9:10AM


Metalforming companies forecast uptick in orders

Cleveland, OH — According to the August 2014 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect a spike in business conditions during the next three months. Conducted monthly, the report is...
Aug 14, 2014 10:51AM


Earthquake shuts down Alberta gas plant briefly

Rocky Mountain House, AB — The ground rumbled in Alberta on Aug 9 as the strongest earthquake the province has seen in over a decade hit an area west of Red Deer. Natural Resources Canada reported the 4.3 magnitude quake near Rocky...
Aug 14, 2014 10:50AM


Economic growth in Alberta is expected to be the strongest in the country in 2014-15

Ottawa – After six years in the red, Alberta is expected to balance its books in 2014-15, according to The Conference Board of Canada's Alberta Fiscal Snapshot: Promising (But Potentially Risky) Prospects.
Aug 8, 2014 1:57PM


Weak domestic economy holds back Canada's economic growth in 2014

Ottawa – Weak business investment intentions and sluggish job creation will keep Canada's economy to growth of 2% in 2014, according to The Conference Board of Canada's Canadian Outlook: Summer 2014.
Aug 8, 2014 12:35PM


Timken appoints CEO of A. O. Smith to its board

North Canton, OH - The Timken Company's board of directors has elected Ajita G. Rajendra a director of the company for a term that expires at its May 2015 annual meeting. The election brings The Timken Company board to 10 directors.
Aug 8, 2014 12:30PM


Suncor Energy begins planned maintenance on Terra Nova

St. John’s, NL – Suncor Energy has begun planned maintenance on the Terra Nova Floating Production, Storage and Offloading facility (FPSO), located about 350 km southeast of St. John’s, NL.
Aug 8, 2014 12:29PM


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