CAE to acquire Lockheed Martin flight training division
CAE of Montreal has reached a conditional agreement to purchase US defence contractor Lockheed Martin’s Commercial Flight Training division. CAE did not disclose details of the transaction, saying only that […]
Green building booming but Canadian companies lag in R&D
A new report from the Canada Green Building Council (CaGBC) says that the green building industry generated more economic benefits and employed more people in Canada in 2014 than oil […]
Subsidies part of the game in global aerospace industry
In the high stakes global commercial jetliner industry, the two undisputed principal players, representing the US and Europe, are Boeing and Airbus. Since 1992, government support for the aircraft industry, […]
Manufacturing sales up in December but down for the year on weak energy sector
Alberta’s weakened energy sector continues to pull the country’s manufacturing sales down. For the sixth consecutive month, sales of petroleum and coal products were lower in December than in the […]
News of extra jobs tempered by caution in Ontario auto sector
Good news from Fiat Chrysler is somewhat tempered by a warning from Ford. At the Canadian International Auto Show in Toronto, the CEO of Fiat Chrysler Automobiles (FCA) Canada, Reid […]
Ontario increases incentives for EV buyers
Canadians have not switched to electric vehicles (EVs) in a big way. In 2015, total car sales in Canada set a new record: 1.898 million vehicles sold. Compared to that […]
UN aviation body sets first CO2 emissions standard for world’s airlines
The International Civil Aviation Organization (ICAO) announced yesterday that its environmental panel had reached “eagerly awaited” agreement on greenhouse gas emissions standards for airliners and cargo planes. The measure was […]
Job losses in Alberta, gains in Ontario, leave employment flat in January
For the first time since 1988, Alberta’s unemployment rate in January was higher than the national average, Statistics Canada reports. After losing 10,000 more jobs in the month, Alberta reached […]
Vehicle sales, mainly light trucks, continued to soar in January
As with Toronto real estate, so with cars in Canada: sales records continue to fall in 2016 after a record-breaking 2015. New car and truck sales in Canada were up […]
World’s largest offshore wind turbines would mimic palm trees to withstand winds
The US Department of Energy is funding research that could lead to the building of the world’s largest offshore wind turbines. The turbine blades being developed are 200 metres long […]
Manufacturing closer to stabilizing in January: report
Ontario manufacturing continues to be the bright spot in the Canadian economy, in the words of RBC chief economist Craig Wright. He was commenting on the latest RBC Canadian Manufacturing […]
Canada’s small businesses encouraged to invest for success
A sizable majority of Canada’s small and mid-sized enterprises, or SMEs, intend to invest in their business in the coming year. A study from the Business Development Bank of Canada […]
