News
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Union president says Ford to fight for workers at GM plant slated for closure
The head of the union representing workers at a General Motors plant slated for closure said Premier Doug Ford offered assurances Monday that he would pressure the automaker to change its plans for the facility in Oshawa, Ont. Unifor President…
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Magna expects sales to be hurt by sale of fluid pressure and controls business
AURORA, Ont. – Magna International Inc. says it expects its sales this year will be weighed down by a stronger U.S. dollar and the sale of its fluid pressure and controls business. The Ontario-based auto parts maker, which keeps its…
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Atlas Copco acquires IPV
Atlas Copco has acquired German Industrie Pumpen Vertriebs GmbH (IPV), a distributor of industrial pumps for Varisco brand. IPV is based in Dresden, Germany and its main market is the chemical industry. “The industrial segment is key for us in…
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Bank of Canada holds interest rate, views oil slump as temporary soft patch
OTTAWA – The Bank of Canada is holding interest rates steady as the economy navigates a temporary period of softness created by the sharp drop in oil prices, governor Stephen Poloz said Wednesday. The recent plunge in crude prices has…
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Husky taking steps to resume SeaRose operations two months after oil spill
ST. JOHN’S, N.L. – A Canadian oil and gas company says it’s working to reassure regulators that it can resume safe operations, two months after a massive oil spill at one of their offshore oil production sites. Work at the…
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With tariffs still in place, Ottawa to commit up to $90M for Algoma Steel
OTTAWA – The federal government is to announce up to $90 million in support for Ontario’s Algoma Steel on Thursday in a commitment aimed at helping the producer deal with the American tariffs on steel and aluminum, The Canadian Press…
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Japanese auto supply giant Denso joins Montreal AI cluster with new R&D lab
MONTREAL – Japanese auto supply giant Denso Corp. is joining Montreal’s burgeoning artificial intelligence scene with the launch of a research and development lab in the city. Chief executive Koji Arima said Thursday that Montreal’s collaborative AI ecosystem attracted his…
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Newmont Mining to buy Goldcorp to create one of world’s biggest gold producers
VANCOUVER – Newmont Mining Corp. has signed an agreement to acquire Canadian miner Goldcorp Inc. in a deal it valued at about US$10 billion. The companies announced Monday that Newmont will exchange 0.328 of a share and two cents in…
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B.C. fuel up 4 cents, more hikes due as ‘bumpy’ year looms at pumps: expert
VANCOUVER – Extreme volatility in oil markets has resulted in a price jump for gasoline of four cents a litre in Metro Vancouver and an analyst predicts a further hike could arrive within days. Dan McTeague, a senior petroleum analyst…
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Nova Scotia’s Donkin coal mine suspends work after latest ‘roof fall’
DONKIN, N.S. – Operations have been suspended at Cape Breton’s Donkin coal mine after a “roof fall,” the latest in a string of incidents since last July, according to the provincial Labour Department. None of the mine’s 128 workers were…
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Auto sales fall eight per cent in December, 2.6 per cent for 2018
TORONTO – An eight per cent drop in December auto sales solidified last year’s overall decline in light vehicle sales from the record hit a year earlier, said DesRosiers Automotive Consultants Inc. Thursday. The auto consultant said 114,289 vehicles sold…
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Festo Opens Global Development Centre
Festo has opened a development centre for innovations in the global life sciences sector. The new Boston Technical Engineering Centre (TEC) will develop advanced products by partnering with medical and laboratory equipment manufacturers. TEC Boston is focusing on developing components…
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BoC survey finds business sentiment down slightly, but remains positive
OTTAWA – A new survey by the Bank of Canada suggests overall business sentiment has weakened slightly, but continues to be positive. The central bank’s business outlook survey indicator decreased slightly, but remains elevated as responses to almost all the…
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Impact of explosion felt kilometres away after fatal Alberta welding shop blast
NISKU, Alta. – RCMP say one man is dead and another man is in hospital after an explosion and fire at a welding business just south of Edmonton. The blast happened around 8:15 a.m. Thursday at Ja-Co Welding and Consulting…
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Elevator equipment sparks small fire at Government House in Victoria
Victoria firefighters have put out a small fire at Government House after some aging elevator equipment overheated. Batallion chief Brian Elvedahl says firefighters arrived Saturday night to find smoke on both the second and third floors. He says they had…
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Statistics Canada reports manufacturing sales down 0.1 per cent in October
OTTAWA – Canadian manufacturing sales fell 0.1 per cent in October to $58.2 billion, hurt by a decline in sale in the sales in the wood product and primary metal industries, Statistics Canada said Tuesday. Economists had expected an increase…
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Survey of manufacturing executives shows lower economic optimism for 2019
TORONTO – A new survey shows business optimism for the year ahead among Canadian manufacturing executives is lower than it was a year ago as trade issues weigh. The survey, by RK Insights, showed 30 per cent of the 501…
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Total Canada Makes Appointment
Julie Caron has been named as Quebec region Territory Manager at Total. Caron will be responsible for sales development of heavy-duty and Industrial lubricant sales and solutions in the Montreal region. She has over 15 years of experience in the…
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Rittal Systems Wins Marketing Award
Rittal Systems Canada received a 2018 Electro-Federation Canada Marketing award. This was the fifth annual awards program. Rittal was the winner in the Best Event and Trade Show Display Award for the mobile Rittal Expo Vehicle (REV). The REV is…
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All-new Mercedes-Benz Sprinter Comes to Canada
Mercedes-Benz Vans Canada recently held a fleet event at its Training Academy in Mississauga, Ontario for the Canadian debut of its all-new 2019 Sprinter. While the all-new Sprinter was first launched in Germany back in February, for many attendees this…
