Magna International posts strong sales gains in third quarter
Aurora, Ontario-based auto parts manufacturer Magna International, the largest North American parts maker and the third largest in the world, posted higher-than-expected profits for its third quarter, ending September 30. […]
Bankrupt hockey skate manufacturer bought by Canadian investors
One of the world’s most iconic sporting goods brands is returning to Canadian ownership. Established in 1927 as the Bauer Skate company in Kitchener, Ontario, the famous company has been […]
Expansion of wine and beer sales in Ontario grocery stores condemned by OPSEU
As promised, the Ontario government has announced the locations of sixty-seven additional grocery stores in the province where consumers can now buy beer, wine, and cider. Today is the first […]
Mississauga aerospace firm announces major contracts with Boeing, F-35 program
Magellan Aerospace, the Mississauga-based designer and manufacturer of components and assemblies for aerospace markets, announced today that its decade-long contract with BAE Systems to produce horizontal tail assemblies for the […]
Women wanted in construction trades as “tremendous opportunity” exists
There is a “tremendous opportunity” today for women who choose to work in construction-related trades. The industry is undergoing major change, while as many as 250,000 current workers are planning […]
Skills gap costing economy billions; Ontario students ill-prepared for workplace: report
Ontario’s education system is failing to prepare students to enter the workforce, and employers are finding it increasingly difficult to find suitably skilled workers. This in spite of the fact […]
Wind to provide 20 per cent of world’s electricity by 2030: report
A new report on global wind energy says that wind could supply as much as 20 per cent of the world’s electricity by 2030. The Global Wind Energy Outlook 2016 […]
Manufacturing sales rebound in August; industry must “reinvent” itself to prosper
Led by record-high food sales, Canada’s manufacturing sector experienced sales growth of 0.9 per cent in August, with sales up in fifteen of the twenty-one industries tracked. Total sales for […]
Acquisition of SABMiller makes Molson Coors third-largest brewer in the world
Molson Coors, the entity that came into being with a merger in 2005, created a new joint venture with SABMiller in 2008. That company, MillerCoors, is based in Chicago and […]
Optimism abounds for Canada’s LNG future after Pacific Northwest approval
Even as the main stakeholder is said to be looking for a way out, there is a lot of optimism in the air about Canada’s LNG prospects since the federal […]
Eleventh hour intervention by Marchionne secured Fiat Chrysler deal
Was it the personal involvement of Sergio Marchionne, CEO of Fiat Chrysler Automobiles (FCA) and a “proud” Canadian, that produced the last-minute tentative agreement between the automaker and Unifor last […]
BC, Ontario economies to lead country into 2017
A new report from BMO Economics says that Canada’s provinces have very different economic outlooks over the next year, with Alberta and Newfoundland and Labrador going further into recession, Saskatchewan […]
