Company opens new landing gear plant for “most important contract” ever
The opening of a new Cambridge, Ontario aerospace facility by Héroux-Devtek is part of the company’s comprehensive capital investment plan, which will allow it to carry out its long-term […]
Manufacturing down in February in both Canada and US
After almost two years of continuous expansion, manufacturing production levels dropped in February. The decline, though not dramatic, reflects a falling confidence, the result of the ongoing “oil price shock” […]
Ford launches new Edge for global market from Oakville
The CEO of Ford Canada said that the signing of a free trade deal between Canada and the EU was an important factor in the company’s decision to build the […]
Windsor-Detroit bridge can proceed as final obstacles fall
The trucking industry is calling it both a “green light” and a “diplomatic failure,” but the long-delayed, badly needed bridge between Windsor and Detroit can now proceed. Canada’s Minister of […]
Bombardier to test fly CS300; equity offering increased
Bombardier Commercial Aircraft has received approval from Transport Canada to test fly its CS300 aircraft. The flight could take place next week, weather permitting. The CS300 is the larger of […]
Wholesale trade saw healthy gains in 2014: Statistics Canada
Despite unrelentingly bad news from Canada’s energy sector, the country’s wholesale trade ended the year 2014 on a high. Wholesale sales rose 2.5 per cent in December, Statistics Canada reports. […]
Tesla wall-mounted battery will power the whole household
Tesla Motors founder Elon Musk seems to relish his position as one of the world’s most disruptive entrepreneurs. First he challenged the global auto industry with his all-electric Tesla cars. […]
Scientists create liquid fuel from solar energy
The solar power industry has grappled with an overriding problem for decades: efficiency. The potential of photovoltaic cells to provide energy is enormous, but so far finding efficient and scalable […]
New York’s ban on fracking gives hope to other opponents
The decision last December by New York State Governor Andrew Cuomo to ban high-volume hydraulic fracturing (HVHF) for shale gas in that state came after several years of studies and […]
Ontario’s food producers missing local growth opportunities: study
If Ontario farmers grew locally just 10 per cent more of the fruits and vegetables that are currently imported, the benefit to the economy would be approximately a quarter of […]
Expect record-high auto sales in 2015: Scotiabank
Canadian auto sales were stronger that expected in 2014, rising 6 per cent to a record 1.85 million units. The Scotiabank Global Auto Report is projecting that sales will be […]
Canadian Solar could earn $2.3 billion through acquisition of Recurrent Energy
Canadian Solar has bought Recurrent Energy, a California-based subsidiary of Japan’s Sharp Corporation, for $265 million. Canadian Solar, one of the top ten solar panel makers worldwide, is headquartered in […]
