News
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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…
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Canadian Natural Resources slows heavy oil growth as poor WCS prices persist
Calgary – Oilsands giant Canadian Natural Resources Ltd. says it is moving up planned maintenance shutdowns at its heavy oil projects in northern Alberta and will slow down production from new wells to avoid selling the product at current poor…
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Canadian auto sales continue strong start with record breaking February
Richmond Hill, Ont. – DesRosiers Automotive Consultants says new light vehicle sales continue to defy expectations this year as February saw record sales for the month. The consulting firm says, combined with a record result in January, sales in the…
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Parker Hannifin signs EFA with Shell for instrumentation products
Barnstaple, Devon – Parker Hannifin Corporation, the global leader in motion and control technologies, has signed a new Enterprise Framework Agreement (EFA) with Shell for the provision of instrumentation valves, manifolds, process-to-instrument valves, fittings, tubing, protective enclosures and related products.…
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Growth is strong in the west, Conference Board of Canada
Ottawa – British Columbia and Alberta will still be performing well this year and will be joined by Prince Edward Island, and Newfoundland and Labrador for the strongest economic growth this year, according to The Conference Board of Canada’s Provincial…
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Electronic Drives and Controls becomes first Siemens Solution Partner certified for drives & motion
Parsippany, NJ – Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, announced it is the first U.S. Siemens Solution Partner to be certified for Drives & Motion.…
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Government takes action to create and sustain exploration and mining jobs
Energy, Mines and Petroleum Resources Minister Michelle Mungall has established a B.C. Mining Jobs Task Force that will review exploration and mining in the province and find ways to strengthen this important industry. “Over the coming months, the B.C. Mining…
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B.C. appoints 12 member task force to review, strengthen mining industry
Victoria – The British Columbia government has appointed a 12-member task force of industry, Indigenous and labour leaders to measure the current state the provincial mining industry and to ensure its security. Mines Minister Michelle Mungall says the group will…
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Trial begins over fuel spill in English Bay, one defendant doesn’t show up
Vancouver – A port worker says he suspected large plumes of oil that were shining on the surface of the water in Vancouver’s harbour nearly three years ago was bunker fuel, based on the smell. A B.C. provincial court judge…
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NATO researcher warns of Russian interference in 2019 Canadian election
Ottawa – A leading NATO researcher says Canada should assume Russia will attempt to interfere in the 2019 federal election because that would serve the Kremlin’s purpose of helping destabilize the military alliance. The allegations of Russian meddling in the…
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Liberals take aim at 2019 election with budget to focus on gender equality
Ottawa – Gender equality and a national pharmacare plan are expected to be two of the cornerstones of the federal budget when it is presented in the House of Commons Tuesday afternoon by Finance Minister Bill Morneau. He has already…
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Baldor Electric Company is now ABB
ABB will integrate the Baldor Electric Company name into its global ABB brand as a part of its Next Level strategy, which includes harmonizing different ABB-owned brands under the global ABB master brand. Beginning March 1, 2018, Baldor Electric Company,…
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Petro boost: Alberta to invest in bitumen upgrading projects
Edmonton – Alberta is investing $1 billion in oilsands bitumen upgrading to get a bigger bang for the buck on its oil. Premier Rachel Notley says the money will be used for loan guarantees and grants to attract anywhere from…
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President Donald Trump signs report rebuking own views on trade, Canada
Washington – Donald Trump’s views on trade have been clobbered in a report released by the White House _ and signed by none other than the president of the United States himself. The self-rebuke includes some of his talking points…
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Canada is falling behind in fierce global competition for oil and natural gas investment: report
Ottawa – Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are all undermining investor confidence in Canada and negatively affecting the country’s ability to attract the capital needed…
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Energy group calls for better tax and regulation to restore competitiveness
Ottawa – The head of the group that represents Canada’s oil and gas industry is calling on the federal government to cut taxes and ease regulatory burdens to restore the energy sector’s competitiveness with the United States and other global…
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Defunct mine fined in worker deaths
The Ontario government says a now-bankrupt mining company has been fined $1.3 million in connection with the deaths of two workers in 2014. The Ministry of Labour says First Nickel Inc., was convicted of six charges under the province’s Occupational…
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Ford names Lincoln chief to replace ousted N. American head
Detroit – A veteran executive who has led Ford’s Lincoln luxury brand will now head American operations, replacing an executive who was ousted this week over allegations of inappropriate behaviour. Kumar Galhotra, 52, will replace Raj Nair starting March 1,…
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GM extending a cutback in car production at Oshawa plant
Oshawa, Ont. – General Motors Co. is reportedly extending a cutback in car production at its plant in Oshawa, Ont., into April and May before it begins a second shift to produce pickup trucks later this year. The automaker had…