News
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MANN+HUMMEL acquires Hardy Filtration
MANN+HUMMEL finalized the acquisition of Hardy Filtration, a Canada-based air filtration company. “We are committed to expanding in the air and water filtration industries, and we are excited to announce the addition of the Hardy team less than a year…
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Evacuation of Alberta hamlet rescinded after CPR train derailment
IRVINE, Alta. – Investigators are trying to determine the cause of a train derailment in southeastern Alberta that forced people from their homes and the temporary closure of a stretch of the Trans-Canada Highway. Residents in and around the hamlet…
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Crude curtailment program ‘no way to run a railroad,’ says Imperial Oil CEO
CALGARY – Alberta’s oil curtailment program has worked to reduce inventories that had resulted in steep discounts in local oil prices, but it has hurt crude-by-rail economics and it’s time for it to end, the CEO of Imperial Oil Ltd.…
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B.C. First Nation buys 5 per cent stake in $2.5 billion clean energy projects
VICTORIA – An Indigenous nation in northwest British Columbia says an investment in clean-energy projects worth more than $2.5 billion represents a historic move towards its economic independence. The Tahltan Nation announced Monday the purchase of a five per cent…
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Hudbay shares plunge after U.S. court halts Rosemont copper project
TORONTO – Shares of Hudbay Minerals Inc. closed down more than 21 per cent on the Toronto Stock Exchange Thursday on news that a U.S. court had blocked development of a major copper mine. The company says a U.S. federal…
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Survey: US manufacturing growth slows again in July
(AP) WASHINGTON – U.S. factory activity expanded at a slower rate in July for the fourth consecutive month as the Trump administration squares off with other countries on trade. The Institute for Supply Management, an association of purchasing managers, said…
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Bombardier to pour millions into train engineering to overcome bottleneck
MONTREAL – Bombardier Inc. shares plunged Thursday after it lowered its 2019 profit forecast and announced hundreds of millions in spending to push through a bottleneck at its train-making unit following earnings that came in below analysts’ expectations. The news…
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Spin Master accelerates shift from China to dodge tariffs, share up on results
TORONTO – Spin Master Corp. says it has accelerated plans to diversify production out of China as a trade dispute between the world’s two largest economies drags on. The Toronto-based toy company, which saw its shares jump more than 12…
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Canadian Natural identifies more cost savings from $3.8 billion Devon purchase
CALGARY – Cost-saving synergies from its $3.8-billion purchase of the Canadian heavy oil and oilsands operations of Devon Energy Corp. will likely exceed expectations, Canadian Natural Resources Ltd. said on Thursday. The Calgary-based company said initially it expected to realize…
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HARTING Canada Hosts Annual Trade Media Lunch
Harting Canada held its annual trade media lunch at Madrina y Tapas in Toronto’s Distillery District. The event gave those in attendance a look at how the company is doing and what they are working on and its upcoming sales expansion.…
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Barrick Gold reaches deal for Acacia Mining after raising offer for company
TORONTO – Barrick Gold Corp. has reached a deal to buy the stake in Acacia Mining that it does not already own, after raising its offer for the African gold miner. Under the deal, the Toronto-based mining giant will swap…
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Ford to cut 200 jobs at Oakville, Ont. auto assembly plant on slowing sales
OAKVILLE – Ford Motor Co. says it will cut about 200 jobs at its Oakville, Ont. plant starting in September as sales of some models slow. “We have a long-standing practice of matching production with consumer demand. As a result,…
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Bystander training gains traction as tool to prevent sexual harassment, violence
It wasn’t until the rise of the #MeToo movement that Julia Gartley began talking more about that night, early in her mining career. The engineer was one of the few women at a remote mining operation when, after a social…
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C.D. Howe report finds no winners in Canada U.S. Mexico free trade agreement
The C.D. Howe Institute says negatives will outweigh the positives for all three parties to the new Canada-United States-Mexico free trade agreement but it will hit Mexico hardest and the U.S. the lightest. In a new analysis to be released…
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Research on capturing carbon from mining secures federal funding
CALGARY – A research collaboration between universities and mining companies to capture carbon in mine tailings has been boosted by a federal government grant. Natural Resources Canada has awarded $2 million to the University of British Columbia-led project, while several…
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Quebec has no plans to offer struggling SNC Lavalin a bailout: Minister
MONTREAL – Quebec Economy Minister Pierre Fitzgibbon said Wednesday the province will not offer financial help to SNC-Lavalin Group Inc. in spite of the construction giant’s gathering financial, legal and political storm. “Despite the obvious operational problems…I don’t see the…
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Endress+Hauser Canada to build $28 million Customer Experience Centre in Ontario
Endress+Hauser Canada will build a new $28 million Customer Experience Centre in Burlington, Ontario. The new 47,000 square foot building plans to achieve LEED Gold certification standard and function on a net zero carbon and energy basis. “Our goal is…
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PRUFTECHNIK Acquired by Fluke Corporation
Fluke Corp., has acquired Ismaning, Germany-based PRUFTECHNIK. “Fluke’s acquisition of PRUFTECHNIK reflects the growing importance our customers place on reliability systems to keep their equipment in optimum operating condition,” said Marc Tremblay, president of Fluke Corporation. “This business will help…
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George Burwash Langford Memorial Award Given
Handling Specialty’s Russell Johnston has been awarded the George Burwash Langford Memorial award from the Council of the Ontario Association of Certified Engineering Technicians and Technologists. “I would like to thank and express my gratitude to all those involved in…
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Trudeau says Ottawa open to proposals for B.C. refinery as gas prices soar
VICTORIA – Prime Minister Justin Trudeau says Ottawa is open to proposals from the private sector for a refinery in British Columbia, as a public inquiry into the province’s soaring gas prices reviews possible solutions. The prime minister says he…
