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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.

Akhurst to distribute Mitsubishi in Western Canada

Akhurst Machinery has been announced as the new Western Canadian dealer for MC Machinery Systems lasers, laser automation, press brakes and shears.

Canadian investment intentions up in 2013

Manufacturers report an intended increase of 2.4%, $20.9 B

Héroux-Devtek lands significant Dassault contract

Héroux-Devtek Inc. has been awarded a contract by France’s Dassault Aviation to design, develop and manufacture the landing gear system for the new Falcon 10X business jet.

$1.5 M for Quebec manufacturing firms

The Federal government, via the Canada Economic Development for Quebec Regions (CED) is investing close to $1.5 million in two Quebec manufacturing companies to help supoort 225 jobs and the creation of an additional 40 jobs.

First 3D manufactured bike frame

Renishaw and British bicycle manufacturer Empire Cycles have created what is being called the world's first 3D printed metal bike frame.

GM Canada and Unifor reach “transformation agreement” on Oshawa

GM Canada and Unifor, the union representing workers at GM’s Oshawa assembly plant, have reached an agreement to transition the plant’s vehicle assembly operations to parts manufacturing and advanced vehicle testing.

Feds invest $200M to build vaccine production plant

The Government of Canada is giving $199.16 million to help Resilience Biotechnologies Inc. expand its vaccine production capacity.

OMAX celebrates 20th anniversary

OMAX Corp., Kent, WA, celebrated its 20th anniversary with a open house and technology event on August 20.

The "Shape the Future" one-day event welcomed close to 600 people and include live cutting demonstrations, interactive technical sessions and a tour of the company's recently expanded manufacturing facility.

Jeff Krause new head for SME

Jeffrey M. Krause has been named the new executive director and CEO for SME, based in Dearborn, MI.

Translas partners with Gullco on distribution deal

Translas, a global manufacturer of on- torch fume extraction solutions, has announced a distribution partnership with Gullco International Ltd. Based in Newmarket, Ont., Gullco will be the global distributor of Translas’ newest fume extraction solutions, namely Translas 7XE Semi-Automatic Fume Extraction welding gun and the ClearO2 W-Series hi-vac units, designed and engineered for welding automation.

New hires at Hurco Companies

Hurco Companies Inc.,Indianapolis, IN, has announced several promotions. Joe Braun has been named vice president of marketing and product management. Scott Camloh is the new national sales manager, and Cory Miller has been hired as general manager of Hurco North America.

Leadership changes at Elliott Matsuura

Elliott Matsuura Canada has undergone management changes, effective January 1, 2019.

Manufacturing recovery is underway: BDC

Canada’s economic recovery is well underway and is outpacing the recovery of most developed nations, according to Pierre Cléroux, vice president of research and chief economist at Business Development Bank of Canada (BDC).

New R&D institute for Ontario’s Niagara region

Pictured at the announcement from left are Niagara Region chair Jim Bradley, St. Catharines MP Chris Bittle, Brock president Gervan Fearon, Cool Climate Oenology and Viticulture Institute director Debbie Inglis, Brock vice president, research Tim Kenyon, Brock chemistry instructor Paul Zelisko and Niagara Centre MP Vance Badawey. Photo: Brock University.

Ottawa is contributing $5 million to the establishment of a new facility for R&D at Brock University in St. Catharines, Ont.

Modig, Seco sign development partnership

Modig Machine Tool, Virserum, Sweden, has signed a multi-year agreement with Seco Tools, Fagersta, Sweden, for development of next generation machine tools. 

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