News
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Davie gets $7.1M contract from feds to refit 53 year old coast guard icebreaker
OTTAWA – The federal government is awarding Davie Shipyards a contract worth more than $7.1 million to refit the Canadian Coast Guard’s largest icebreaker. The refit of the CCGS Louis S. St-Laurent is the latest contract awarded to Davie amid…
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Newmont Goldcorp suspends Penasquito operations due to local blockade over water
VANCOUER – Newmont Goldcorp Corp. says it will temporarily suspend operations at its only operating mine in Mexico because of a local blockade over water concerns and issues with a trucking contractor. The company said Monday that the Penasquito mine…
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US manufacturing activity slowed in April
WASHINGTON – U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index fell to 52.8 last…
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Gildan expanding global manufacturing by increasing footprint in Bangladesh
Gildan Activewear Inc. is expanding its global manufacturing footprint by building a large complex in Bangladesh to complement its existing operations in the country, Central America and the Caribbean. The underwear, T-shirt and sock maker said it purchased a large…
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SNC Lavalin shares hit 10 year low after CEO reveals plan to exit 15 countries
MONTREAL – Shares in SNC Lavalin Group Inc. hit a 10-year low Thursday after the company announced plans to wind down its operations in 15 countries and reported a $17-million loss in its latest quarter. The stock closed down $4.48,…
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Bombardier to sell aerostructures operations in Belfast and Morocco
MONTREAL – The recovery that began five years ago remains turbulent for Bombardier Inc., which is selling its factories in Northern Ireland and Morocco and distancing itself from its 2020 financial targets. A week after slashing its forecast for the…
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Toyota Reaffirms Commitment to Canadian Auto Sector
Prime Minister of Canada Justin Trudeau was in attendance for Toyota Motor Manufacturing Canada’s announcement that it will produce the Lexus NX and NX Hybrid at its Cambridge, Ontario production plant beginning in 2022. “Today is a great day for…
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Trump administration reevaluating offshore drilling plans
WASHINGTON – The Trump administration said Thursday it is reevaluating its controversial plan to sharply expand offshore drilling as it responds to a court ruling that blocked oil and gas development off Alaska and parts of the Atlantic. Governors and…
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Ethane storage seen as key to revitalization of Appalachia
CLEVELAND – Plans are underway in Appalachia to create two underground facilities to store ethane, a byproduct of natural gas drilling seen as integral to revitalizing a region still struggling from the loss of industrial and manufacturing jobs decades ago.…
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Canada banning oil, gas and mining from marine protected areas
OTTAWA – The oil-and-gas industry has worn out its welcome in Canadian marine conservation areas, and Canada’s environmentalists are overjoyed. Fisheries Minister Jonathan Wilkinson unveiled new standards for marine protected areas in Canada on Thursday, fully prohibiting oil-and-gas activity, as…
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Hydro Quebec says dam at risk of failure holding up as police evacuate homes
MONTREAL – As a steady rain moved into Quebec Friday, authorities were keeping close tabs on a dam and a dike west of Montreal that were placing nearby residents at risk. Provincial police were patrolling an area of homes and…
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4 die after construction crane crushes cars in Seattle
SEATTLE – Four people died and three were injured when a construction crane on the new Google Seattle campus collapsed Saturday, pinning six cars underneath. One female and three males were dead by the time firefighters got to the scene,…
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Thieves steal Alaska university trail maintenance equipment
FAIRBANKS – Equipment value at thousands of dollars has been stolen from an Alaska university trail maintenance building, according to an employee. University of Alaska Fairbanks trail groomer Jason Garron reported the theft Wednesday on a social media page for…
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Google self driving unit Waymo picks Detroit factory site
DETROIT – Google’s self-driving car spinoff Waymo says it will reopen an axle plant in Detroit to convert conventional vehicles so they can drive autonomously. The company says it will lease a now-closed American Axle & Manufacturing plant north of…
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CanWEA Hosts Spring Forum in Banff
CanWEA recently held its two-day Spring Forum at the Fairmont Banff Springs in Banff, Alberta. Over 170 professionals from the wind energy industry were on hand to discuss the state of the industry, Alberta election results, new technology, and much…
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Precautionary evacuation for Red Deer, Alta., residents due to industrial fire
RED DEER – Residents from 80 homes in the central Alberta city of Red Deer have been asked to leave as a precaution due to a large industrial fire. Others in the Oriole Park and Oriole Park West neighbourhoods are…
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New U.S. trade report predicts modest economic gains from new NAFTA
OTTAWA – With Washington riveted to the Mueller report, a comprehensive economic assessment of the new North American free trade deal quietly emerged Thursday, predicting less-than-stellar economic gains for the United States. Moreover, the much anticipated report of the U.S.…
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Geotab To Acquire BSM Technologies
Geotab has signed an agreement that it plans to acquire BSM Technologies. BSM provides telematics and asset management solutions to over 165,000 vehicles in government and private fleets in Canada and the United States. ”BSM had previously standardized on using…
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Oil and gas sector applauds new Alberta premier’s many pro business pledges
CALGARY – The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP’s commitment to making regulatory, economic and fiscal policy reforms. It…
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U.S. allows lawsuits against foreign companies in Cuba, imperilling Canada
OTTAWA – The Trump administration says it will now allow lawsuits against foreign companies connected to properties seized from American firms during the Cuban revolution – including Canadian businesses. The landmark tightening of the U.S. trade embargo on Cuba’s communist…
