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Index of industry profitability continues to rally

Source: Daily News | 2013-05-13
Ottawa - The Leading Indicator of Industry Profitability Index advanced 0.2% in April 2013, pointing to modest corporate profit growth in the near term, according to the Conference Board of Canada. Persistent strength in sectors such as retail...

Machinery and equipment contribute to fall in wholesale prices

Source: Daily News | 2013-05-10
Ottawa – Statistics Canada’s Wholesale Services Price Index (WSPI) fell 0.4% in the fourth quarter of 2012, following a 0.2% advance in the third quarter.

Walter's catalogue photographer now an award winner

Source: Daily News | 2013-05-06
Montreal – Walter Surface Technologies Canada, a supplier of surface treatment technologies, has announced that Montreal-based photographer Claude-Simon Langlois has won the 2013 Applied Arts Award in the Corporate Photography category...

Ontario engineering regulator elects new president at annual meeting

Source: Daily News | 2013-05-03
Toronto – Professional Engineers Ontario (PEO), the licensing and regulating body for professional engineers and engineering in the province, installed Annette Bergeron, P.Eng., MBA, as its 94th president during its annual general meeting...

Canada's GDP seen to creep upward in February

Source: Daily News | 2013-05-01
Ottawa - Real gross domestic product grew 0.3% in February 2013, the same pace as in January, according to Statistics Canada. Mining, quarrying, and oil and gas extraction was the main source of growth in February.

Bearing manufacturer tackles sustainability initiatives

Source: Daily News | 2013-04-24
Ann Arbor, MI - The results of the NSK Americas (NSK) 2012 sustainability initiatives demonstrate the company’s ongoing commitment to achieving environmental excellence. The year’s accomplishments show that NSK saved:

Sumitomo hosts open house to mark increased manufacturing capabilities in US

Source: Daily News | 2013-04-24
Chesapeake , VA - Sumitomo Machinery Corporation of America (SMA), US headquarters for Sumitomo Drive Technologies, hosted an open house on April 19, 2013, celebrating completion of Phase I of the company's Cyclo Bevel Buddybox (Cyclo BBB)...

Alberta's manufacturing sector has seen a 15-year growth in machinery sales of 300%

Source: Daily News | 2013-04-22
Ottawa - In 2012, according to a new Statistics Canada report, Alberta was the third-largest province in terms of manufacturing, with sales of $74.8 billion. The province accounted for 12.7% of manufacturing sales in Canada, while British...

Growth seen in 85% of Canadian manufacturing in February

Source: Daily News | 2013-04-22
Ottawa - Manufacturing sales advanced 2.6% to $49.6 billion in February 2013, the largest increase since July 2011, Statistics Canada reports in its latest Monthly Survey of Manufacturing. The gain in February largely stemmed from higher sales...

SKF divests metallic rods operation

Source: Daily News | 2013-04-04
Gothenburg, Sweden - SKF has signed an agreement to divest its metallic rods business to US-based Precision Castparts Corp. (PCC) for around EUR 40 million on a cash and debt free basis. This includes the sale of the operations at the SKF...

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