Large investment in Toronto biotech company could lead to new therapies for heart patients
German pharmaceuticals giant Bayer, along with Versant Ventures, has announced one of the largest investments of venture capital in a Canadian biotech company. The $225 million investment is one of […]
Canadian cleantech sector strong in research, innovation, but weak in commercialization
Canada is better at academic research and publishing papers on new cleantech technologies than it is at commercializing those new technologies. A new report from Sustainable Development Technology Canada and […]
Chrysler Pacifica Hybrid, first electric minivan, rolls out in Windsor
With the official launch of the world’s first hybrid minivan, the Chrysler Pacifica Hybrid, Chrysler’s Windsor assembly plant further solidifies its position as one of North America’s leading minivan producers. […]
Oil leads Canada’s GDP growth while OPEC production cuts have prices surging
Canada’s economic output grew by an annualized rate of 3.5 per cent in the third quarter, largely on the strength of strong energy exports. Exports in the energy sector increased […]
Thousands of construction workers needed but interest low among young
The average wage in Canada is about $25 an hour, but many Canadian workers earn less than that, and the number of workers in that category is growing. In fact, […]
Financial services fastest growing industry in Canada for exports: Conference Board of Canada
Toronto’s financial services sector continues to grow and increase in importance to both the local and the Canadian economy. A new report from the Conference Board of Canada on the […]
Manufacturing sales up in September but shadow of Trump looms over Canada
Manufacturing sales rose for the fourth consecutive month in September, Statistics Canada reports, mainly on the strength of transportation equipment and fabricated metal industries. The 0.3 per cent rise was […]
Government urges aerospace innovation, adoption of new technologies
Speaking at an Aerospace Industries Association of Canada (AIAC) conference today, the federal minister of Innovation, Science and Economic Development promised to work with the industries to support the research […]
Israeli aluminum-air electric car battery to be tested in Montreal
An Israeli company that demonstrated an electric car battery capable of powering a car for 1,800 kilometres on a single charge has been invited to test its latest technologies in […]
UC engineers create first semiconductor-free microelectronics device
The quest for greater conductivity in semiconductors for microelectronics devices has led University of California engineers to the creation of the world’s first semiconductor-free microelectronic device. The device, which uses […]
Securing new investment greatest achievement of Unifor’s agreement with Ford
The headline achievement of Unifor’s just-ratified contract with Ford, the last of the three negotiations with the Detroit Three automakers, is the $713 million investment the union managed to secure […]
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. […]
