News
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Auto industry skeptical of Canadian TPP side deal on autos with Japan
Ottawa – Auto workers and manufacturers are rejecting assertions by Canada’s trade minister that the county won major access for them into the highly protected Japanese market in the recently rebooted Trans-Pacific Partnership. International Trade Minister Francois-Philippe Champagne told the…
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Energy: Ottawa’s new rules create more uncertainty
Montreal – The new review process for industrial projects unveiled by Ottawa risks hurting the Canadian economy’s competitiveness even more by creating greater uncertainty among investors, points out the MEI, adding that the energy sector is already going through a…
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MineSense announces major investment from Mitsubishi Corporation
Vancouver – MineSense Technologies announced today that it has entered into an agreement for a US$ 4million investment from Mitsubishi Corporation. “Our partnership with Mitsubishi Corporation will help accelerate the development of our digital offering, while better positioning us to…
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Demand for Industrial Automation and IIoT fuels global pneumatic valves and actuators market growth
London – Frost & Sullivan’s latest analysis of the pneumatic valves and actuators market finds that Industrial Internet of Things (IIoT) adoption is expected to increase significantly due to rising energy costs and end-user demand for lower product costs, improved…
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Air Liquide opens a unique CO2 Recovery Plant in Johnstown, ON
Montreal – Air Liquide Canada, a subsidiary of the Air Liquide Group, world leader in gases, technologies and services for industry and health, officially inaugurated today its brand new carbon dioxide (CO2) recovery plant, strategically located in Johnstown, Ontario. This…
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Safety blitz in effect – PPE compliance
An inspection blitz is currently in effect (February 1 – March 31) in Ontario to ensure workers in mines and mining plants have the necessary compliance on personal protective equipment and high visibility clothing. Ministry of Labour inspectors are responsible…
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Mining sector welcomes progress on Trans-Pacific Partnership
The Mining Association of Canada (MAC) welcomes today’s announcement that Canada and members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have agreed on the terms of this important trade agreement. “Canada is a trading nation, our economy…
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Ritchie Bros. announces management departure
Vancouver – Ritchie Bros. announced that as a result of structural changes undertaken by the company as part of its IronPlanet integration efforts, a mutual decision was reached with Jim Barr, Group President, that he will be leaving the Company effective…
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North American stocks plunge, Dow and S&P 500 enter correction territory
Toronto – North American stock indexes plunged steadily throughout the trading session on Thursday, with losses on the Dow Jones industrial average and the Standard & Poor 500 entering correction territory. In New York, the Dow was down 1,032.89 points,…
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Canada’s volatile jobs survey posts biggest monthly drop since 2009
Ottawa – The vigour that carried the Canadian labour market on its impressive run in 2017 hit a speed bump to start this year with its largest one-month job drop in nine years. The economy lost 88,000 positions – all…
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Mexico on idea of breaking NAFTA into separate deals: No gracias
Washington – Mexico’s chief NAFTA negotiator is brushing off the idea of breaking the three-country agreement into separate one-on-one deals. Kenneth Smith Ramos is using Twitter to argue for the merits of a trilateral NAFTA. He said that gives it…
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US services firms record strongest performance since 2005
Washington – The U.S. services sector boomed in January, registering the best performance since 2005 and delivering more evidence of American economic strength. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its services index…
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Truck driver shortages hitting Canada’s forest products sector
Montreal – A shortage of truck drivers is hampering the country’s forest sector as shipments have been delayed and at least one producer was forced to slow production because of a lack of wood chips. Weyerhaeuser Co. chief executive Doyle…
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Time has come for national big data strategy, tech leaders tell governments
Ottawa – Tech leaders are challenging the federal Liberal government to get serious about reaping the rewards of one of the next big frontiers in the information revolution: big data. Canadian CEOs and academics have been pushing Ottawa for months…
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Critics of Kinder Morgan pipeline shout down Trudeau at B.C. town hall
Nanaimo, B.C. – Prime Minister Justin Trudeau spoke over jeers of “shame” at a rowdy town hall meeting in Nanaimo, B.C., on February 2, where he spent a large part of the two-hour gathering defending his government’s decision to…
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US factories grew again in January but a bit more slowly
Washington – American manufacturers expanded again last month, though more slowly than in December. The Institute for Supply Management, a trade group of purchasing managers, reported Thursday that its manufacturing index dipped to 59.1 in January from a revised 59.3…
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Consulting Engineers of Ontario appoints new CEO
Toronto — Rex Meadley P.Eng., chairman of the board of directors of Consulting Engineers of Ontario (CEO), announced the appointment of Bruce Matthews, P.Eng., as Chief Executive Officer, effective February 26, 2018. Matthews is a recognized leader with 16 years…
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Cascades finalizes the sale of its New York plant
Kingsey Falls, QC – Cascades Inc., a leader in the recovery and manufacturing of green packaging and tissue products, announced that it has completed the sale of the building and land of its Maspeth plant, located in the state of…
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Germany probes Bosch workers in US over diesel emissions
Frankfurt – Prosecutors in the German city of Stuttgart are investigating two employees of auto components and technology firm Robert Bosch LLC in the U.S. on suspicion of being accessories to fraud in connection with manipulated diesel emissions in Fiat…
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Siemens sales, orders rise on strengthening global economy
Frankfurt – Industrial equipment maker Siemens said Wednesday that its net income rose 12 per cent to 2.2 billion euros ($2.7 billion) in the last three months of 2017, helped by one-time gains from the sale of shares in its…
