Gross domestic product and final domestic demand, quarterly % change, chained (2012) dollars. Source: StatsCanClick image to enlarge

Statistics Canada figures show that the Canadian economy grew at an annualized rate of 3.7 per cent in the second quarter of 2019.

It was the fastest growth since the 4.4 per cent rise that was recorded in the second quarter of 2017.

Real gross domestic product grew 0.9 per cent in the quarter, well ahead of the 0.1 per cent rise in each of the previous two quarters. The second quarter result was a surprise to analysts following the poor figures from the previous two quarters – the lowest GDP growth in back-to-back quarters since 2015.

One of the quarter’s primary drivers was a strong, broad-based rebound in goods exports, reports Huffington Post. That growth was led by energy products, farming and fishing products, non-metallic minerals and aircraft products. A one per cent drop in import volumes also helped; they had increased 2.1 per cent in the previous quarter, helping to dim that quarter’s growth to a weak 0.5 per cent.

Economists had expected growth of around three per cent (annualized) for the quarter. The more modest growth was expected following a drastic deceleration in the first quarter, largely thanks to decreased oil prices.

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.

Canada announces Industry Strategy Council

The Government of Canada has struck a committee to develop expertise from key industries inform government actions to promote innovation, economic inclusion and growth as the economy limps back to life after the COVID-19 pandemic. 

TRUMPF Laser Tech Center celebrates 20th year

TRUMPF Laser Technology Center celebrated its 20th anniversary during its annual open house in Plymouth Township, MI, on June 7.

Canada to top-up small business relief fund

The Government of Canada has committed to provide an additional $600 million to support small and medium-sized businesses and their workers through its Regional Relief and Recovery Fund (RRRF).

Business conditions improve sharply in November: manufacturing PMI

The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) for November hit a three-month high.

FABTECH Canada keynote: David Fraser of INKAS Armored Vehicle Manufacturig

Leadership, innovation and an out-of-the-box strategy are the keys to success in today’s manufacturing environment. That’s the message retired Canadian Army Maj. Gen. David Fraser, chief operating officer, INKAS Armored Vehicle Manufacturing, will tell thousands of delegates later this month in his opening keynote speech at FABTECH Canada.

Renishaw breaks ground on new NA headquarters

Renishaw has broken ground on its new  12,356 sq m (133,000 sq ft) facility in West Dundee, IL, which will become the company's North American headquarters. The facility is slated for completion in June 2016.

Lincoln Electric EVP Blankenship retires

Lincoln Electric’s Executive Vice-President and President of Americas welding segment George D. Blankenship, has retired effective May 31, 2020. 

$500,000 donation for high school welding programs

The CWA Foundation and the Marinucci Family Foundation plan to donate $500,000 to high school welding programs in Canada. Each secondary school will receive $5,000 annually over ten years. CWA made the annoucnement at the CanWeld Conference in St. John's, NL. At the same time, the CWA Foundation plans to establish a welding program at a secondary school in Newfoundland.

A machine tool builder's approach to Industry 4.0

Heller Machine Tools has embraced the Factory of the Future and is setting an example of how manufacturers can do the same. The company is one of several machine tool builders (i.e. Mazak's iSmart factory) in recent years that has embraced digital manufacturing concepts in their facilities. 

Major expansion for Quebec metrology firm

Creaform, Levis, QC, a metrology and engineering services company that specializes in portable 3D measurement solutions, is expanding its operations and recruiting new people for its worldwide offices in Canada, the US, Europe and India.

Cy-Laser opens tech centre for Canada, US customers

Cy-Laser America, a subsidiary of Cy-Laser S.r.L. of Schio, Italy, has opened a Technology Center in Sterling Heights, MI, to service customers in North America.

Scotchman celebrates 50th anniversary

Scotchman Industries Inc. is celebrating 50 years of manufacturing metal fabricating equipment in the US.

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