Industry Update

Artist's conception, Bystronic Experience Center

September 24, 2018

Bystronic has officially launched construction of its new Experience Center and corporate headquarters.

Read more: Bystronic breaks ground on Chicago Experience Center

ONCAP buys Walter Surface Technologies

September 21, 2018

ONCAP, the middle market private equity platform of Onex, has purchased a majority stake in Walter Surface Technologies in partnership with the existing management team.

Read more: ONCAP acquires Walter Surface Technologies

CWB Association

September 18, 2018

The CWB Association has voiced its concern about the impact of US steel tariffs on the Canadian welding industry.

Read more: Welding group warns steel tariffs hurting industry

Bombardier: keeping it in the family

September 12, 2018

The National Bank of Canada says Canada’s 43 most prominent family controlled businesses – a group which includes Bombardier – “sustainably” outperform the S&P TSX composite index.

Read more: Bombardier among outperforming businesses: National Bank

Economic Development Minister Navdeep Bains

September 10, 2018

The federal government plans to make a decision on safeguards against steel dumping in the coming weeks, Economic Development Minister Navdeep Bains said Friday.

Read more: Decision on anti dumping measures is pending: Bains

PMI August 2018

September 5, 2018

The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) for August shows the strongest uptick in Canadian manufacturing output since December 2010.

Read more: Manufacturing output up sharply in August

NAFTA negotiations. Photo: AP

September 3, 2018

Canada’s automotive industry is anxious about details to emerge from current NAFTA negotiations, despite the recent agreement between the US and Mexico on revisions to the deal.

Read more: NAFTA uncertainty rattles Canadian automotive sector

ACE wind tunnel in operation. Image courtesy UOIT/Global News

September 3, 2018

The Government of Canada has announced up to $9.46 million in funding to the University of Ontario Institute of Technology to enhance its Automotive Centre of Excellence in Oshawa, and to create new research and development jobs in the automotive industry.

Read more: Ottawa announces support for automotive R&D

MSVS truck

August 29, 2018

Craig Manufacturing has won a contract to build the loadbeds on the new medium Support Vehicle System (MSVS) for the Canadian Forces.

Read more: New Brunswick manufacturer lands $25 M Canadian military contract

New Flyer Xcelsior CHARGE electric buses

August 28, 2018

Winnipeg based bus maker New Flyer Canada has been awarded a contract to build zero-emission buses for two Quebec municipal transit agencies.

Read more: New Flyer wins Canada’s largest ever battery-electric bus contract

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