Propane suppliers condemn Ontario government’s support of natural gas expansion
The propane industry is outraged about the Ontario government’s announced $100 million Natural Gas Grant program. While admitting that natural gas is a cheaper option for consumers “at the commodity […]
Canadian companies should look to Mexico for export growth: HSBC Bank Canada
A new report from the Conference Board of Canada and HSBC Bank Canada says that three Canadian industries—primary metal manufacturing, chemical manufacturing, and machinery manufacturing—have the innovative products, demand and […]
Will quotas, targets and better technology get more drivers into EVs?
Thanks to government subsidies and cheaper prices for local brands, more electric cars are sold in China than in the rest of the world combined. Sales of battery-powered electric and […]
Manufacturing sales up in November, government scraps duties on imported food ingredients
On the strength of higher sales in primary metal products, petroleum and coal products and chemicals, Canada’s manufacturing sales rose 1.5 per cent in November, to $51.8 billion, reports Statistics […]
Microsoft acquires Montreal AI firm that creates “curious” machines that think like humans
Microsoft has acquired a Montreal-based artificial intelligence company whose mission is to create literate machines that can think, reason and communicate like humans. Maluuba, which has been in business for […]
Fiat Chrysler denies wrongdoing as EPA accuses it of emissions cheating
First Volkswagen, now Fiat Chrysler. A day after Volkswagen pleaded guilty to criminal charges related to its own emissions cheating scandal, the US Environmental Protection Agency has accused Fiat Chrysler […]
Honda to spend $492 million on Alliston plant upgrades
Honda Canada will spend $492 million to upgrade its Alliston, Ontario assembly plant, it was announced today. The Ontario and federal governments will each contribute $41.8 million to the investment, […]
Manufacturing up in December amid uncertainty about future US-Canada relations
Business conditions in Canada’s manufacturing sector showed “modest” improvement in December, according to the latest Markit Canada Manufacturing Purchase Managers’ Index (PMI). The December reading of 51.8 was the highest […]
Renewable energy now costs less than fossil fuels in some countries: report
The price of renewable energy has fallen to unprecedented lows, according to a report from the World Economic Forum (WEF). For the first time, solar energy is now cheaper in […]
Ford GT supercar in production at Markham’s Multimatic plant
Auto writers are falling over themselves to praise the new Ford GT supercar, which is now in limited production at a small plant in Markham. The first vehicle rolled off […]
Bombardier upbeat about growth prospects now that CSeries jets are flying
Bombardier’s chief executive has presented a decidedly upbeat assessment of the plane maker’s prospects for 2017. During an investor briefing in New York City, Alain Bellemare told investors and industry […]
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 […]
