Daily News

Economic growth remains tepid with most from exports, not consumers

Ottawa – The Conference Board of Canada’s Composite Leading Index increased 0.2% in February 2014, matching the gains in the previous two months.
Apr 5, 2014 12:32PM

Employment growth remains subdued

Ottawa - Employment increased by 43,000 in March 2014, driven by gains among youths, according to Statistics Canada’s latest Labour Force Survey. The unemployment rate declined 0.1 percentage points to 6.9%. Overall employment growth in...
Apr 4, 2014 12:16PM

Mill upgrade commissioned for Vale in Sudbury

Subbury, ON -The ABB power and automation technology group has commissioned an upgrade to Vale’s existing Clarabelle dual-pinion semi-autogenous (SAG) mill. The mill is used to reduce the size of the ore at the company’s nickel and...
Apr 4, 2014 9:58AM

Parcelcopter tested by DHL

Bonn, Germany - DHL’s Parcelcopter has had its first test flight. Currently, the delivery company says there are no plans to operate drones, but future use could include emergency medical shipments to remote areas. Watch the Parcelcopter...
Apr 1, 2014 5:12PM

Supplier targets oil and gas industry with new hire

Mississauga, ON - Stephen Anderson has joined Lafert NA as a new outside salesman, with a focus on the oil and gas industry. He has over 30 years of experience in the motor industry, working on large projects in the low- and medium-voltage...
Apr 1, 2014 3:24PM

Manufacturing index hits three-month high in March driven by stronger new order gains

Toronto - Solid rates of growth in output and new business were recorded across the Canadian manufacturing sector in March 2014, according to the RBC Canadian Manufacturing Purchasing Managers’ Index (RBC PMI). A monthly survey, conducted...
Apr 1, 2014 11:28AM

EASA rebrands as 'The ElectroMechanical Authority'

Bensenville, IL - Over the past 25 years, members of the Electrical Apparatus Service Association (EASA) have changed in various ways to meet more and new demands of its their customers. They have added services and/or products to meet these...
Apr 1, 2014 8:35AM

ABB to sell Thomas & Betts HVAC business

Zurich, Switzerland – ABB, a power and automation technology group, has signed an agreement to divest its Thomas & Betts’ heating, ventilation and air conditioning (HVAC) business for US$260 million in an all-cash transaction to...
Apr 1, 2014 6:47AM

Maintenance-free bearings provide support for suspension bridge

Thornhill, ON - Federal-Mogul has developed maintenance-free bearings for one of the world’s longest suspension bridges. Upon completion, the Hardanger Fjord Bridge in southwest Norway will be one of the largest in the world, spanning...
Mar 31, 2014 1:02PM

Manufacturing output was up 2.0% in January

Ottawa - Real gross domestic product rose 0.5% in January 2013, Statistics Canada reports. This follows a 0.5% decline in December after five consecutive monthly increases.
Mar 31, 2014 12:56PM

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