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Canadian union head to meet with GM today

January 8, 2019

The head of Canada’s auto union said on Monday he was set to meet with General Motors Co executives in Detroit today to discuss the automaker’s Oshawa, Ont., assembly plant, scheduled to shut down in December 2019. Unifor, the union

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Ascot Resources acquires IDM, reinforcing gold exploration business

January 7, 2019

IDM Mining Ltd. and Ascot Resources Ltd. have announced that they have entered into a definitive arrangement agreement that has Ascot acquiring all of the issued and outstanding common shares of IDM. “The combination of Ascot and IDM creates a

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Rigid plastic packaging industry looks to smart technology

January 7, 2019

Over the past few years, the global rigid plastic packaging market has witnessed steady growth due to rapid urbanization, rising plastic production, technology developments driving smart rigid packaging, and increased application in end-use industries such as food and beverage and pharmaceuticals. Frost

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Kraken completes majority acquisition of Kraken Power

January 7, 2019

Kraken Robotics Inc. today announced it has completed the majority acquisition of Kraken Power GmbH. Through the conversion of an existing note receivable to equity and a cash payment of approximately 900,000 euros, Kraken has increased its ownership in Kraken

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Merger and acquisition activity to keep rising for 2019

January 4, 2019

Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said. According to Reuters, deal volume jumped 15 per cent to a

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Manufacturing growth slows to two-year low

January 2, 2019

Canada’s manufacturing sector expanded in December at the slowest pace in nearly two years as production growth faltered and export orders stagnated, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business

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Turck confident double-digit growth to continue

January 2, 2019

The Turck Group is once more expecting two-digit growth in turnover for business year 2018. As Turck managing director Christian Wolf said at the annual press conference at the corporate headquarters in Mülheim an der Ruhr, Germany, the consolidated group

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Process to create high-grade graphene from flake graphite earns company accolades

January 2, 2019

NanoXplore has been handed Frost & Sullivan’s 2018 North American Technology Innovation Award for developing a proprietary chemico-mechanical exfoliation process to convert natural flake graphite to high-quality graphene. The company’s production platform has allowed it to scale up production from grams

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Scheer warns a re-elected Liberal government means rising carbon taxes

January 2, 2019

Conservative Leader Andrew Scheer welcomed 2019 with a warning that if Canadians re-elect Justin Trudeau this year, the federal carbon tax that’s going to take effect will only climb. “Canadians know what Justin Trudeau is going to do. Now that his

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Ottawa’s carbon tax will ring in the new year

December 31, 2018

Canadians are about to start paying a carbon tax in what is set to be a key political battleground of the 2019 election. Beginning Jan. 1, Justin Trudeau’s government will start rolling out a “backstop” price on provinces that don’t