Housing starts, employment, up sharply in May
Housing starts in Canada in May reached their highest level since last July, Canada Mortgage and Housing Corporation (CMHC) reports, with a seasonally adjusted annual rate (SAAR) of 201,705. The […]
CAE USA wins $200 million contract for Army training
Canadian flight simulation and pilot training leader CAE announced that its US division will provide training for more than 600 fixed-wing pilots in the US Army and Air Force. The […]
Ontario Energy Board to ban door-to-door selling of energy
The Ontario Energy Board (OEB) has completed a study of the province’s energy markets and concluded that the door-to-door selling of retail energy should be banned. The recommendation to ban […]
Ontario’s manufacturing output “robust” in May: RBC
Canadian manufacturing, especially in Ontario, returned to growth in May after three months of contraction, the RBC Canadian Manufacturing Purchasing Managers’ Index (PMI) reports. The Index rose from 49 to […]
Helicopter flight simulator to train offshore rig pilots in Newfoundland
Newfoundland and Labrador is to get a new state-of-the-art helicopter training and research centre. The project will be financed by oil company Hibernia Management and Development Company (HMDC) and the […]
Ontario missing out on $billions from federal government: study
A new study from the Mowat Centre at the University of Toronto argues that Ontario is at an economic disadvantage because of its having to transfer approximately $11 billion […]
First vehicle powered by sodium-ion battery shown in UK
A battery that costs 30 per cent less per kilowatt hour than the standard lithium-ion battery but performs at comparable levels and is safer to use and to transport sounds […]
More positive outlook for economy as March sales rebound
Wholesale trade in Canada picked up in March after two consecutive monthly declines, Statistics Canada reports. Sales rose 0.8 per cent, to $53.9 billion, with five of the seven subsectors […]
Major job losses predicted on oil spending slump
Canada’s economy could lose as many as 185,000 jobs in 2015 as a consequence of reduced spending in the oil and gas industry. A new report from the Petroleum Labour […]
Jobs cut at Bombardier as business jet sales soften
Blaming “short-term softness” in international markets, Bombardier Business Aircraft said it would lay off 1,750 employees in Montreal, Toronto and Belfast, beginning in June and continuing in stages through the […]
Long-term growth in residential construction centred in GTA
After several months of decline, the total value of building permits issued in Canada rose 11.6 per cent to $6.9 billion in March. Building intentions were up in both the […]
Test of SpaceX crew escape system goes off perfectly
SpaceX, founded by Elon Musk in 2002, conducted a successful crew escape system test, called a pad abort test, on its Crew Dragon spacecraft yesterday at Cape Canaveral in Florida. […]
