News
Bank of Canada holds interest rate at 1.75%; keeps eye on oil slump, investment
OTTAWA – The Bank of Canada is leaving its interest rate unchanged and says the timing of future hikes will depend on factors such as how long the oil-price slump lasts, how well business investment picks up its pace and…
Supremex cuts 41 jobs from Canadian envelope workforce in cost reduction measure
MONTREAL – Supremex Inc. is cutting 41 employees at its Canadian envelope manufacturing operations in a cost-saving measure as it diversifies its business to include more packaging products. The company, headquartered in the Montreal community of LaSalle, says the cuts…
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Barrick North America Leadership Changes
Barrick Gold Corporation announced management changes within its North America region. Michael Brown, President, Barrick U.S.A., will retire on December 31, 2018. He has been with Barrick since 1994, and has played a key role in the growth and development…
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New Field Service Advisor for Eastern Ontario at EMC
Steve Holmgren has been named as Field Service Advisor for Eastern Ontario at Excellence in Manufacturing Consortium (EMC), effective January 2019. Holmgren has a background in manufacturing and has been a member of EMC for many years. He is a senior human…
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Operational Excellence Takes Centre Stage
The Operational Excellence in Energy and Utilities conference and workshops took place recently at the Old Mill Inn in Toronto, Ontario. Over 150 industry professionals attended the event, including representatives from Enbridge, HydroOne, Suncor, SaskPower, Hydro-Québec, Toronto Hydro, Ontario Power…
Alberta buying its own rail cars to move oil without feds, Notley says
OTTAWA – Alberta Premier Rachel Notley says her province is buying enough new rail cars to ship another 120,000 barrels of oil a day, without the federal government’s help. The premier was in Ottawa Wednesday to deliver a speech steps…
Statistics Canada says pace of Canadian economic growth slowed in third quarter
OTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of…
Nova Scotia power utility comes under fire after widespread outage
HALIFAX – Nova Scotia’s electric utility came under fire Thursday after widespread power outages prompted opposition leaders and online critics to call on the government to hold the privately owned company to account. The entire Atlantic region was swept by…
Iron ore production to restart next year in Labrador mining town of Wabush
WABUSH, N.L. – The Labrador town of Wabush is in for a much-needed economic boost as one of Canada’s largest iron ore mines restarts production next year. Premier Dwight Ball travelled to Wabush Tuesday to announce the official reopening of…
Costs have swollen: Saskatchewan sues Ottawa over uranium mine cleanup deal
REGINA – The Saskatchewan government is suing Ottawa over what it says is a failure to live up to a deal to split the swelling costs of cleaning up an old uranium mine. “I just don’t see how they can…
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N.R. Murphy Ltd Announces New Owners
After 75 years in business, N.R. Murphy Limited has new owners. Helder Armas has taken over as the new president. Armas is also now co-owner with his wife, Lori Armas, daughter of Norman R. Murphy, the company’s previous owner and…
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GMC Sierra is Canadian Truck King Challenge Winner
The Canadian Truck King Challenge (CTKC) celebrated its 12th anniversary by crowning the 2019 GMC Sierra 1500 Denali as its champion. Sierra beat out five other challengers for the crown, marking the first time that General Motors has won in…
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Ontario Export Awards Winners
The 2018 Ontario Export Awards named its winners at a gala at the International Centre in Mississauga. Laipac Technology Inc., was named Exporter of the Year for its success expanding its business to more than 100 countries and for its…
Alberta in ‘crisis’ over low oil price: Prime Minister Justin Trudeau
CALGARY – Prime Minister Justin Trudeau says Alberta is in a crisis as the province’s oil is being sold at a discount of about $45 a barrel. Speaking in Calgary as pro-oil protesters shut down part of the city’s downtown,…
New tax incentives for investment could increase Canada’s emissions
OTTAWA – Big greenhouse-gas emitters will be able to take advantage of new federal tax incentives Finance Minister Bill Morneau promised Wednesday even if that means more emissions, the government says. Measures in Morneau’s fall fiscal update will allow manufacturing…
EDC spends 12 times more for fossil fuels than clean tech, report says
OTTAWA – New research shows Export Development Canada provided 12 times as much financial backing to oil and gas companies as it did to clean-technology companies over the last five years. The findings by lobby group Oil Change International show…
Annual inflation rises to 2.4% thanks to higher costs for gas, airline tickets
OTTAWA – The country’s annual inflation rate picked up its pace last month to hit 2.4 per cent in an advance mostly fuelled by temporary factors like higher gasoline prices and steeper airfares, compared to a year ago, Statistics Canada…
Maple Leaf Foods to build new London plant, shutter three others in Ontario
LONDON, Ont. – Maple Leaf Foods Inc. will invest hundreds of millions into building a fresh-poultry facility in London, Ont., but close three smaller plants in the province. The protein company says it will invest an initial $605.5 million into…
GM to close Oshawa plant, four U.S. plants in massive reorganization push
TORONTO – General Motors will close its production plant in Oshawa, Ont., along with four facilities in the U.S. as part of a global reorganization that will see the company focus on electric and autonomous vehicle programs. The auto manufacturer…
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STLE Hosts Toronto Workshop
The Society of Tribologists and Lubrication Engineers (STLE) Toronto section recently held a workshop and panel discussion to speak about Reducing Tribological Losses and Failures. The workshop took place at Kinectrics Auditorium in Toronto, Ontario. The invited speakers at the…
