Global car sales up, luxury auto market surging in Canada: Scotiabank
After forecasting a slowdown in auto sales in Canada in 2017 back in January, Scotiabank now says the sector is in much better shape than it appeared then. More recent […]
Canada’s manufacturing sales rose in 2016, led by cars, food
Manufacturing sales rose in 2016 after declining in 2015, Statistics Canada reports. Sales were up 1 per cent to $614.4 billion last year, reaching a record $53.5 billion in December. […]
Little agreement on whether it works, but governments press ahead with infrastructure spending
Public infrastructure is one of the few forms of government spending that both liberals and conservatives support, says The Economist in a 2014 article on the subject. Citing a study […]
Strong manufacturing rebound in February led by energy sector
Manufacturers in Canada took orders, bought raw materials and raised production levels in February at the fastest rate in more than two years. The robust and accelerated growth contributed to […]
Canada’s auto industry on cusp of rebuilding in NAFTA, but no thanks to CETA: Unifor
Two major free trade agreements have the potential to affect Canada’s auto industry, the North American Free Trade Agreement (NAFTA), already in place but due to be “tweaked” by the […]
Gold miners expand production in Nunavut, estimated reserves in BC
Canadian gold mining company Agnico Eagle announced that it will invest more than $1.2 billion in two new mines in the Nunavut Territory beginning this year. The company’s mine at […]
Flying car maker looking for first orders for its sports car/gyrocopter PAL-V
A flying car that its manufacturer says is ready to go is now on sale from a company in the Netherlands. The PAL-V Liberty, the first commercial flying car in […]
Canada’s prosperity at risk from disruption, lack of skilled workforce: reports
Disruption is a common theme running through two recent reports on prosperity in Canada, one from the Ontario Chamber of Commerce, the other from the federal government’s top advisor on […]
Solar energy a good investment, claims World Economic Forum
The World Economic Forum (WEF) is encouraging big investors to reconsider renewable energy, particularly solar, as a viable, profitable asset class. Renewable energy technology has made “exponential gains” in efficiency, […]
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 […]
