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What does the decade to come hold in store for Canada?

January 6, 2020

A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released

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Lassonde completes takeover of Sun-Rype Products

January 6, 2020

Lassonde Industries Inc. has completed the acquisition of Sun-Rype Products Ltd. and its two U.S. affiliates from The Jim Pattison Group for $89.3 million. “We are delighted to welcome Sun-Rype’s employees to the Lassonde team,” said Nathalie Lassonde, CEO of Lassonde Industries

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Factory output expansion at slowest pace in four months

January 2, 2020

Canadian manufacturing activity expanded in December at its slowest pace in four months as new orders declined and business optimism weakened, data showed on Thursday. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions,

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Canadarm maker back in Canadian hands

December 30, 2019

U.S. satellite imagery company Maxar Technologies Inc said on Monday it would sell its space robotics business to a consortium led by Northern Private Capital (NPC) for $1 billion, in a bid to ease its debt. The sale of the

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Auto strike to blame for shrinking economy in October

December 23, 2019

Canada’s economy unexpectedly shrank by 0.1 per cent in October, the first monthly decline since February, partly because of a U.S. auto strike that hit manufacturing, Statistics Canada data indicated on Monday. Analysts in a Reuters poll had forecast a

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Bombardier Global jets receive FAA certification

December 23, 2019

Bombardier Inc. said on Monday its newest business jets, Global 5500 and 6500, received U.S. Federal Aviation Administration certification, clearing the way for the Canadian plane maker to start deliveries. The 5500 and 6500 aircraft are upgraded versions of the Global

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Irving Oil backtracks on 17% carbon cut pledge

December 20, 2019

Irving Oil, operator of Canada’s largest oil refinery, has abandoned a pledge to cut carbon output by 17 per cent from 2005 levels by 2020, replacing it instead with a goal to keep its performance on climate change competitive with

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Affiliated Distributors honours Rittal Systems

December 18, 2019

Affiliated Distributors’ Electrical Business Unit hosted its U.S., Canada and Mexico members, supplier partners and service providers in Aurora, Col., at its recent North American meeting. Rittal Systems of Mississauga, Ont., was honoured with the AD Supplier of the Year Marketing

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SNC-Lavalin to plead guilty on corruption-related charge

December 18, 2019

SNC-Lavalin will plead guilty to a corruption-related charge, federal prosecutors announced in court Wednesday in Montreal, Que., according to CTV News. The company was facing a criminal trial on charges related to its past business dealings with Libya. Trading of

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Stelco CFO cites family reasons for stepping down

December 18, 2019

Stelco Holdings Inc. announced that Don Newman, Chief Financial Officer, will step down effective January 5 for family reasons. Alan Kestenbaum, Stelco’s executive chairman noted, “Don ably performed his functions during his tenure with the organization and we wish him much success in