Foreign investment numbers look good overallClick image to enlarge

Foreign mining and energy companies registered the highest spending in Canada in almost two years, driving a significant increase in foreign direct investment in the country.

Foreign direct investment rose to $10.8 billion in the third quarter, reports Statistics Canada. That’s a big increase over the $7.7 billion reported in the same period last year. Net investment in mining and energy performed especially well, rising to $3.8 billion in the most recent quarter after a net divestment of $1.3 billion in the second quarter.

Over the first three quarters of this year direct investment came to $35.6 billion, the highest it’s been in three years, reports the Toronto Star.

Dennis Darby, president of Canadian Manufacturers and Exporters, was quoted telling BNN Bloomberg television that “Canada has some natural advantages and we will see more investment.”

Manufacturing investment was one soft spot, slowing to $1.8 billion in the third quarter, less than half of the $3.8 billion recorded in the same period of 2017.

Unique truck to be auctioned off for charity

A Saskatoon, SK, machine shop that built an innovative truck to raise funds for a children's hospital is now hoping to raise even more funds when the truck becomes the first ever Canadian charity vehicle to be auctioned off at the Barrett Jackson auction in Scottsdale, AR, in January.

Named the "Snakebit F-100", it made its North American debut at SEMA, the largest automotive aftermarket parts show in the world, held in Las Vegas, NV, earlier this month. The vehicle was displayed at Ford's booth at SEMA. 

Read the story behind the creation of the Snakebit F-100 truck.

 

Fabricating insights from Europe

Companies in Belgium and the Netherlands embrace new technologies to enhance their manufacturing throughput

Canadian manufacturing rises: 6th month of consecutive growth

Canada's manufacturing industry continues to perform well with March marking the sixth consecutive month in which production and new orders picked up, while employment hit its highest level in close to five years, according to data from the Markit Canada Manufacturing Purchasing Managers' Index (PMI).

$3 M for Windsor automotive manufacturers

Two Windsor manufacturers are the latest recipients in a recent slew of funding announcements by the Federal government. Newmak of Canada Corp. in partnership with Arbec Tool and Machine Ltd., both based in Windsor, ON, have received funding of up to $3 million to support development of stronger engine blocks made of lightweight aluminum.

Will Bombardier's Airbus deal resolve Boeing trade issue?

In a somewhat of a surprise but bold move, Bombardier has partnered with Airbus on its CSeries aircraft program to help resolve the current trade issue with competitor Boeing.

Welding camp for students in Newfoundland and Labrador

The CWA Foundation has introduced students in Newfoundland and Labrador to the welding profession by funding a Mind Over Metal welding camp in the province.

TPP of dubious benefit, Canadian auto parts makers say

Canada’s participation in a new Trans-Pacific Partnership trade deal may not bring much benefit to Canadian auto parts makers, according to a CP news story.

Heroux-Devtek sets up new Ontario manufacturing plant

Heroux-Devtek is opening a new aerospace manufacturing facility in Cambridge, ON. The facility will support the company's long-term contract to supply Boeing with complete landing gear systems for the B-777 and B-777X aircraft, for which deliveries are scheduled to begin early in 2017.

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.

Canadian firm expands high speed robotic cladding technology

A Canadian firm with an innovative high speed robotic weld cladding process has received a Japanese patent and is on its way to obtaining a European patent to expand the use of the process around the globe.

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