Latest Industry News and Stories
GM investing $250 million at Ingersoll plant
GM’s Ontario auto workers are reportedly excited and happy about the announcement that GM plans to invest $250 million in the CAMI Assembly Plant at Ingersoll. The company said that …
Bombardier holds update on CSeries aircraft
Bombardier held a “program update” on its “game-changing” new CSeries aircraft today. The event was held for media and financial analysts at the company’s Mirabel, Quebec facility. Bombardier says the …
Pratt & Whitney Canada announces helicopter engine contracts
Pratt & Whitney Canada (P&WC) has made two announcements about new contracts with helicopter manufacturers at HELI-EXPO 2013, the world’s largest helicopter trade show, currently running in Las Vegas, Nevada. …
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SPPCA’s new landing gear facility opening in Mississauga
SPP Canada Aircraft (SPPCA), a subsidiary of Japan-based Sumitomo Precision Products, will open its new Mississauga plant tomorrow, March 7. Production operations, according to an earlier release, are due to …
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Canada keeping up pressure on US for Keystone XL approval
Canadian politicians at the federal and provincial level are keeping up their PR and persuasion efforts to convince Americans, particularly American lawmakers, that Canada is a responsible partner for supplying …
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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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