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Despite the economic uncertainty in industry, an online story in the Financial Post says Canada’s financial system is in a relatively good place to weather any potential storms generated by a weakening global economy and the U.S.-China trade war.

Senior Deputy Governor Carolyn Wilkins said the central bank is not forecasting a recession at home or world-wide, but reiterated the global economy is facing immense challenges that could spill over into Canada.

Read the full story here.

Exclude Canada from steel, aluminum tariffs, US insiders tell White House

US politicians, business leaders and commentators have all challenged White House plans to include Canada in its planned “national-security” steel and aluminum tariffs.

Canadian Welding Group expands in Alberta

 Left to right: John Schonewille, Leduc County Councillor, Division 3, MLA George Rogers, Leduc-Beaumont, Doug Luciani, CWB Group President and CEO, Joe Doria, past CWB Group Chairman, MP James Rajotte, Edmonton-Leduc and John Whaley, Leduc County Mayor pose for a picture during CWB Group's ground breaking event for their new facility in Nisku, AB.

 

The Canadian Welding Group (CWB) is expanding its presence in Western Canada with a new 18,000 sq ft facility in Nisku, AB. The CWB held a ground breaking ceremony on November 12 with government dignitaries.

OSG Canada adds to tooling lineup

OSG Canada has added two new tooling lines to its product offering.

The top 5 robotics trends for 2022

The operational stock of industrial robots hit a new record of about 3 million units worldwide in 2021 – increasing by 13% on average each year from 2015 to 2020.

Battery Ventures acquires SigmaTEK Systems

Technology investment firm Battery Ventures has acquired SigmaTEK Systems, a manufacturing and fabrication software company.

Iscar, Megatel event showcases machining, cutting technologies

Iscar and Megatel held a joint event at Iscar's Oakville, ON facility recently to showcase the latest in machining and cutting strategies.

Trump tariffs tipping us toward a recession: Linamar CEO

In an opinion piece featured in the Globe and Mail, Linamar CEO Linda Hasenfratz warns that US President Donald Trump’s newly levied tariffs on Canadian goods coming into the country could have a catastrophic economic impact.

US, Canada address China aluminum overcapacity issue

The Aluminum Association of Canada says the US filing at the WTO regarding Chinese subsidies to its aluminum industry is "a positive step."

Ontario college welding professor wins CWA award

Robbie Duncan is the recipient of the Canadian Welding Association (CWA) Foundation's Exceptional Educator Award in the post secondary category. Duncan was on hand to receive his award during the CanWeld conference and expo in Montreal, in September.

New Magna group to focus on emerging technologies

Magna International wants to make sure it's on the leading edge of technolgoies for the automotive industry and it's setting up a "technology advisory council" to provide direction to the company and help to identify business opportuniities.

Halifax hosts 25th Skills Canada National Competition

On Tuesday May 28, Skills/Compétences Canada will host the 25th Skills Canada National Competition (SCNC) in Halifax.

More jobs, rising production for Canadian manufacturing

While the rate of improvement in business conditions lost some momentum in August, Canada's manufacturing industry continued to show signs of modest growth with firms taking on more workers, spurred by further business expansion and rising production, according to the IHS Markit Canada Manufacturing Purchasing Managers' Index (PMI).

CP Rail and union agree to binding arbitration to end work stoppage

The CP Rail strike is over with the Teamsters Canada Rail Conference (TCRC) and CP Rail agreeing to final and binding arbitration. Rail workers will return to work at noon local time today.

Parting Ways

Still using yesterday’s grooving and cutoff tools? Time for an upgrade.

Quebec gets $15 M aluminum production plant

An Alberta aluminum deck manufacturer is investing $15 million to build a new production plant in Saguenay-Lac-Saint Jean, Quebec.

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