Image: Bank of CanadaClick image to enlargeThe Canadian dollar rose on Friday to 80.25 cents US following Statistics Canada reports that manufacturing sales has risen 1.7 per cent in December, higher than the expected 0.5 per cent reading economists had predicted.

 The showing was especially impressive given a 9.3 per cent drop in sales of petroleum and coal products. Excluding the petroleum and coal, manufacturing sales were up 3.2 per cent.

Commodities advanced with March crude up $1.57 to US$52.78 a barrel.

March copper was unchanged at US$2.60 a pound and April gold bullion advanced $6.40 to US$1,227.10 an ounce.

Market sentiment was also lifted Friday by solid economic news from Europe.

Official data show that the German economy grew by 0.7 per cent in the fourth-quarter compared with the previous three-month period, which was much better than the 0.3 per cent rise economists had expected. The figure reported by the Federal Statistical Office on Friday contrasted with an increase of only 0.1 per cent in the third quarter and a decline of 0.1 per cent in the second quarter.

Other data showed that overall economic output across the 18 eurozone countries was 0.3 per cent higher in the quarter. That equates with an annualized rate of around 1.2 per cent, which is still only about half the growth rate in the U.S.

The fourth-quarter performance was nevertheless higher than the 0.2 per cent increased anticipated by investors.

There was also optimism that Greece will come to an agreement with its eurozone creditors.

Greek Prime Minister Alexis Tsipras has agreed to allow government officials to start technical discussions with debt inspectors. The results will inform a meeting of the eurozone's finance ministers Monday.

Tsipras says a "mutually acceptable" deal is possible while German Chancellor Angela Merkel says her country is ready to compromise.

The Canadian Press, Feb 13, 2015

Boeing creates lightest metal ever using additive manufacturing

Microlattice is the lightest metal ever made. At 99.99 per cent air, it's light enough to balance on top of a dandelion, while its structure makes it strong. Strength and record breaking lightness make it a potential metal for future planes and vehicles. Learn more about Boeing Innovations at

Bystronic Canada names new Managing Director

Bystronic Canada Ltd. has appointed David Wooldridge as managing director.

WorldSkills comes to Niagara Falls in 2016

Skills/Competences Canada in conjunction with SkillsUSA have been granted the right to host the WorldSkills General Assembly in 2016. World Skills will take place in Niagara Falls.

DMG MORI Canada showcases machining, robotic advances

An espresso served by a collaborative robot, a robotic machining cell, new machining automation handling solutions and innovations in turning were part of the offerings at DMG MORI Canada’s Technology Days.

Manufacturing an essential service during shutdown

The province of Ontario has ordered all non-essential workplaces to close shop for the time being to slow the spread of the coronavirus COVID-19, but manufacturers are so far exempt from this order.

Canadian factory sales rise slightly in April

Statistics Canada figures released last week show that Canadian wholesale trade increased by 0.1 per cent in April from March.

Mitsubishi EDM, Matsuura partner on 3D manufacturing

MC Machinery Systems Inc., Wood Dale, IL, owned by Mitsubishi Corp., is partnering with machine tool builder Matsuura Machinery Corp., Fukui City, Japan, to introduce a 3D hybrid milling machine to the North American market (Canada and the US).

LVD buys Compac

LVD Co. has acquired automation solutions provider Compac S.r.l. of Urbino, Italy.

ABB, Fronius to develop robotic welding systems

ABB Robotics and Fronius International plan to develop a fully equipped robotic welding package as part of a global agreement to collaborate and support both new and existing customers with advanced technology.

Taiga Motors building EV plant in Shawinigan

Electric off-road vehicle manufacturer Taiga Motors Inc. is building an assembly facility in the City of Shawinigan, Qué.

Amada opens Toronto Technical Centre

Amada Canada Ltd. has opened a new technical centre to better service Canadian customers.

Coming together in crisis

Manufacturers are a focused bunch, with their attention firmly placed on producing high quality products at the best possible margins.

Automotive advances: self-driving cars in real traffic

Volvo has launched a technology that makes it possible to integrate self-driving cars into real traffic, with people in the driver's seat.

Forget electric cars, try a flying one

Flying car manufacturer PAL-V has officially started the sales of its commercial models, making the company the first in the world to sell flying cars.

100th military trailer completed at Arne’s Welding

Mack Defense has announced the completion of the 100th Load Handling System (LHS) Trailer, as part of the Canadian Army's MSVS – SMP Program.

Stay In Touch

twitter facebook linkedIn