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Government support needed to restore competitive edge in mining: report

March 15, 2019

The Mining Association of Canada (MAC) released its annual Facts & Figures report, with this year’s data showing that the country’s competitiveness “continues to erode,” and that it is essential for government to take action to reverse this trend. “Over the past decade, Canada’s leadership in mining

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IDEAL makes Cree Lighting its 20th branded operating unit

March 15, 2019

IDEAL INDUSTRIES, Inc. announced the acquisition of Cree Lighting, which includes the LED lighting fixtures, lamps and intelligent lighting control solutions business for commercial, industrial and consumer applications of Cree, Inc. IDEAL also acquired the rights to use and operate

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Canadian food processing industry to shine at Seafood Expo

March 15, 2019

Canada’s fish and seafood sector is a growing and vital part of the Canadian economy, providing good middle class jobs and providing economic opportunity to coastal communities. Canadian exports of fish and seafood increased to almost $7 billion in 2018, and Seafood Expo

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Leadership change at Cascades’ Tissue Group

March 15, 2019

Mario Plourde, president and CEO of Cascades, has announced a change in leadership for the company’s Tissue Group: Jean-David Tardif will take over from Jean Jobin as president and COO. “I indicated to Cascades’ management in recent weeks that I wanted to devote my

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Winnipeg’s Buhler enters OEM agreement with Kubota

March 15, 2019

Buhler Industries Inc, a manufacturer of machinery distributed under the Versatile and Farm King brands, has entered into an original equipment manufacturer (OEM) agreement with Kubota Corporation to develop and produce a new tractor platform in the mid-range front-wheel assist

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Expect bank rate cut as Canada edges towards recession

March 14, 2019

The next move from the Bank of Canada will be to cut to interest rates, according to David Rosenberg, who says the economy is just “one notch away” from a recession. Rosenberg, chief economist and strategist at Gluskin Sheff +

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Ottawa announces nationwide support for steel, aluminum sector

March 11, 2019

Ottawa today announced $100 million of funding to support small- and medium- sized (SME) steel and aluminum manufacturers and users in all regions of the country. “In the face of unjust and illegal U.S. tariffs hurting businesses and workers on both sides

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Federal court rejects SNC-Lavalin bid to avoid corruption charges

March 11, 2019

Canada’s Federal Court has rejected a bid by SNC-Lavalin Group Inc to challenge prosecutors who insist the construction company must face trial on charges of corruption. The ruling means more challenges for a company at the centre of the biggest

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Flow partners with Joe Gibbs Racing for precision parts manufacturing

March 8, 2019

Flow International Corporation has announced a new partnership with Joe Gibbs Racing, providing its waterjet technology to support the NASCAR team in 2019 and beyond. “At this level of competition, precision is everything,” says Mark Bringle, technical partner activation manager

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Economic downturn may last longer than expected, states BoC

March 8, 2019

Canada’s economic slump may end up lasting longer than first thought amid surprising signs of weakness in household spending and investment, though policy makers still expect a rebound to take place, a central bank official said. In a speech a