News
Bank of Canada raises rate, predicts economic resilience despite trade risks
Ottawa – Undaunted by expanding trade risks, the Bank of Canada governor Stephen Poloz raised the interest rate Wednesday and signalled the economy’s resilience is keeping him on a hiking trajectory. The quarter-point increase, the central bank’s first move in…
Canada Invests in Cleantech to Transform Quebec Pulp Mill
Windsor, QC – As Canada transitions to a low-carbon future, investments in clean technology are building a stronger economy and creating new middle-class jobs. The Honourable Marie-Claude Bibeau, Minister of International Development, on behalf of the Honourable Jim Carr, Canada’s…
Prairie provinces, B.C. to meet next week on standardized trucking regulations
Regina – Government officials from Canada’s four western provinces plan to hold a teleconference next week to discuss standardized trucking regulations. Trucking safety has been in the spotlight since April 6 when 16 people with the Humboldt Broncos died and…
Bombardier’s C Series aircraft officially renamed A220 as it joins Airbus family
Montreal – Bombardier Inc.’s name will no longer appear on its C Series jet, which has been officially renamed the A220 as it joins the Airbus family of commercial aircraft. The name change comes after Airbus officially took a majority…
Trade pain: Small companies hit by import, export tariffs
New York – Time and effort have gone down the drain for Steve Gould, who is scrambling to find new customers for his gin, whiskey and other spirits since the United States has taken a tough stance on trade issues.…
Michelin agrees to buy Quebec off road tire maker Camso for US$1.7 billion
Montreal – Michelin says it has reached agreement to purchase Quebec off-road tire maker Camso for about US$1.7 billion. The French-based tire giant says the acquisition will create the world’s largest off-the-road division. Camso, a privately held company based in…
AECOM awarded contract to design Gordie Howe International Bridge
Los Angeles – AECOM, a premier, fully integrated global infrastructure firm, announced that it has been selected, as part of the Bridging North America consortium, to design the Gordie Howe International Bridge by the Windsor-Detroit Bridge Authority (WDBA). The project…
Energy stocks help lift Toronto market as oil prices also move higher
Toronto – Energy stocks helped lift Canada’s main stock index at late morning as the price of oil also ticked higher. The S&P/TSX composite index was up 58.06 points to 16,510.40, after 90 minutes of trading. In New York, the…
NTSB: Damage during installation led to oil pipeline crack
Amherst, S.D. – The National Transportation Safety Board says a fatigue crack caused last year’s rupture of the Keystone oil pipeline in South Dakota. The NTSB said in a report released Thursday that the crack likely originated from mechanical damage…
US trade deficit drops to $43.1 billion in May
Washington – The U.S. trade deficit dropped in May to the lowest level in 19 months as U.S. exports rose to a record level. But the trade gap between the United States and China increased sharply, underscoring the economic tensions…
Retaliate or not? Canada’s tough decision in the event of U.S. tariffs on autos
Ottawa – Industry leaders say the federal Liberal government will face a complex decision – with deep economic consequences – if the U.S. makes good on its threat to slap 25-per-cent tariffs on Canadian-made cars and trucks. Ottawa recently retaliated…
Bombardier stands to benefit from Chinese tariffs on U.S.
Montreal – Chinese retaliatory tariffs on U.S. products are expected to have mixed impacts on Canada’s agriculture sector but an aerospace analyst says Bombardier stands to gain from duties against U.S. small aircraft. Richard Aboulafia of the Teal Group says…
Recorded footage provides protection after fleet traffic collision
When one of Ontario-based recycling collection firm, Advantage Waste’s front loader garbage trucks was involved in a traffic collision with a reckless car driver; a lack of witnesses meant local police had little choice but to write off the incident…
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Enbridge announces sale of Canadian natural gas gathering & processing businesses
Calgary – Enbridge Inc. announced that it has entered into definitive agreements to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta (the “G&P…
Electrical solutions provider supports Skills Canada competition
Burlington, Ont. – Aspiring skilled trades participants recently descended upon annual Skills Canada competitions that were recently held in Toronto and Edmonton. Eaton, a proud corporate supporter of Skills Ontario for the past several years, provided competition products for the…
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Manufacturing PMI hits survey-record high in June with robust rises in output, new orders and employment
June data signalled a robust and accelerated improvement in overall business conditions across the Canadian manufacturing sector. Another strong rise in new work helped to boost production volumes and stimulate additional staff hiring in June. However, intense supply chain pressures…
ABB completes acquisition of GE Industrial Solutions
ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the…
PEMAC selected to support municipalities across Canada make stronger infrastructure decisions
Mississauga –The Plant Engineering & Maintenance Association of Canada (PEMAC) announced it will be working with municipalities in their efforts to improve infrastructure spending decisions through stronger asset management. Municipalities across the country face a mounting pressure to balance competing…
Motion Industries opens new distribution centre
Birmingham, AL – Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company, has opened the doors for business at its new distribution center (DC) at 4401 D…
PTDA Releases Groundbreaking PTDA Voice of the End Customer Report
Chicago, Ill. – According to the newly released PTDA Voice of the End Customer report which includes quantitative and qualitative responses from over 1,200 customers of power transmission/motion control (PT/MC) products from a variety of industries, there are distinct differences…
