Latest Industry News and Stories
Miners struggling with higher costs, lower prices
Mining must become more cost-competitive to remain profitable, and even viable, in today’s world, according to analysis by a mining and metals expert at Ernst & Young. Speaking at the …
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Japex to buy into west coast LNG development
The Japan Petroleum Exploration Company (Japex) will buy a 10 per cent stake in a Petronas liquefied natural gas (LNG) development project in British Columbia. Petronas, the Malaysia-based oil and …
Economy managed slight growth in Q4, but shrank in December
Canada’s economy managed to edge up just 0.2 per cent in the last quarter of 2012, but real GDP by industry shrank in the final month of the year. On …
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Canadian business, except energy, had profitable Q4: Statistics Canada
Most of Canada’s businesses reported a profitable fourth quarter in 2012, with total corporate operating profits of $72.5 billion, up 1.4 per cent from the previous quarter, Statistics Canada reported …
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FTG Aerospace to supply avionics to Rockwell Collins
Firan Technology Group has been awarded a Human Machine Interface (HMI) Enterprise Sourcing Agreement from Rockwell Collins. The agreement incorporates a variety of avionic products for major airframe platforms in …
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RV industry has growing role in Canada’s economy: study
A new study for the Recreation Vehicle Dealers Association (RVDA) of Canada says that the RV industry has become big business in Canada. In 2011, the Harris Decima study shows, …
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Volkswagen to produce super-efficient hybrid
Volkswagen said that it will produce the most fuel-efficient, most aerodynamic car ever made. The Volkswagen XL1, which will be made at a plant in Germany, uses carbonfiber technology and …
Russian leasing company orders 42 CSeries jets from Bombardier
Ilyushin Finance Co. (IFC), a Moscow-based, national leasing company, has signed a purchase agreement to acquire 32 Bombardier CS300 aircraft and options for an additional 10 CS300 aircraft, subject to …
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