News
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Trudeau says ending tariff exemptions for Canadian steel would hurt U.S. economy
Sault Ste. Marie, Ont. – Justin Trudeau is telling steel workers in Sault Ste. Marie, Ont., that it makes no sense for the U.S. to reverse its decision to exempt Canada from trade tariffs on steel and aluminum. The prime…
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Komatsu-owned dealers phasing out sales of Wirtgen products
Rolling Meadows, Ill. – Komatsu America Corp. announced an agreement with Wirtgen America to phase out the sale of Wirtgen products by Komatsu-owned dealers in the USA. Komatsu America and Wirtgen America decided this phase out is in the best…
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Trudeau to kick off tour of steel and aluminum factories in Quebec
Ottawa – Prime Minister Justin Trudeau is kicking off a tour of aluminum and steel factories today with a visit to Quebec’s Saguenay region. The prime minister will meet with both bosses and union leaders at a Rio Tinto aluminum…
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PTDA welcomes five new members
Chicago, Ill. — The Power Transmission Distributors Association (PTDA), the leading association for the industrial power transmission/motion control (PT/MC) distribution channel, recently welcomed five new member companies. Distributor Members ERIKS North America (Pittsburgh, Pa.) distributes bearings, belt & chain drives,…
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Mercosur agreement aims to diversify Canada’s international trade portfolio
Ottawa – Canada is expected to announce Friday the start of formal free trade negotiations with the four-country South American trade bloc known as Mercosur. A spokesman for International Trade Minister Francois-Philippe Champagne says the negotiations could begin in earnest…
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Motion Industries expands distribution network
Birmingham, AL – Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company, will open a new distribution centre in Auburn, WA, late spring in 2018. Enhancing Motion…
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Comprehensive and Progressive Trans-Pacific Partnership pact signed
Santiago, Chile – Trade ministers from 11 Pacific Rim countries signed a sweeping free trade agreement Thursday to streamline trade and slash tariffs just hours before President Donald Trump announced his plans to impose new tariffs on aluminum and steel…
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Permanent tariff exemption needed for Canadian steel, aluminum: Steelworkers
Toronto and Montreal – Canada’s steel and aluminum producers must be permanently exempted from U.S. tariffs, the United Steelworkers (USW) says. “The evidence is clear and overwhelming. Canadian steel and aluminum exports are not part of the problem that the…
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Critics cautiously optimistic on Statistics Canada’s labour force survey
Ottawa – The economy got a job-creation lift last month that nudged the unemployment rate down to 5.8 per cent – but a closer look reveals a rush of part-time work and a big decline in full-time positions. Statistics Canada’s…
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Canada dodges tariff bullet – for now
Washington – Canada appears to have dodged a protectionist bullet, as one of only two countries to receive a provisional exemption from steel and aluminum tariffs set to rip into America’s trading relationships around the globe. President Donald Trump signed…
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Local Nestlé factory set to increase production capabilities in London, Ontario
London, ON – Nestlé Canada shared expansion plans for its $51.5 million investment to increase production capabilities at its London ice cream factory on Wilton Grove Road. The factory, which supplies all of Canada with brands like Hӓagen-Dazs, Parlour and…
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Toronto-area man fined $15,625 for illegal use of the title “professional engineer”
Toronto – (March 2, 2018) – On February 22, the Ontario Court of Justice fined a Toronto-area man $15,625 (including a 25 per cent victim fine surcharge of $3,125) after his guilty plea to four counts of breaching the Professional…
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EIS becomes the Electrical Specialties Group of Motion Industries
Birmingham, AL – Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), is pleased to announce that EIS – a wholly owned subsidiary of GPC as…
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Kenney threatens to limit flow of oil to B.C., and put toll on natural gas
Vancouver – Jason Kenney, Alberta’s Opposition leader and candidate for premier, says his government would ensure “serious consequences”for British Columbia if it blocks the Trans Mountain pipeline expansion. Kenney said Monday he would be prepared to stop permits for the…
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3M chooses its chief executive officer
Minneapolis – Manufacturing company 3M Co. has named Michael Roman as chief executive, replacing Inge Thulin. Roman will take over July 1, with Thulin moving into a newly created position of executive chairman of the board. The 58-year-old Roman is…
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Trump tweets that steel, aluminum tariffs stay unless there’s a new NAFTA deal
Washington – President Donald Trump began the week by issuing a pair of early-morning tweets that say American tariffs on imported steel and aluminum will only come off if there’s a new NAFTA agreement that’s fair to the United States.…
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Trump tariffs on steel, aluminum ‘unacceptable’
Barrie, ON – Prime Minister Justin Trudeau is calling Donald Trump’s plans for whopping tariffs on steel and aluminum imports an “unacceptable” move that will have “significant and serious” economic ramifications on both sides of the Canada-U.S. border. Trudeau, however,…
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Q&A: How Trump’s tariffs could affect people and companies
Washington – President Donald Trump’s vow Thursday to slap tariffs on imported steel and aluminum spooked investors, raised fears that other nations would punch back with their own sanctions and threatened to raise prices for U.S. consumers and companies that…
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Stocks dive after Trump promises tariffs on steel
New York – U.S. stocks dove in another dizzying day of trading after President Donald Trump promised on Thursday to deliver stiff tariffs on imported steel and aluminum, which raised the threat of escalating retaliation by other countries and higher…
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US factories expand at strongest rate in almost 14 years
Washington – American manufacturers said they expanded in February at the fastest pace in nearly 14 years _ gains driven in part by a jump in hiring. The Institute for Supply Management, a trade group of purchasing managers, reported Thursday…
