Depends on how you look at it?Click image to enlarge

Despite good economic news, uncertainty around NAFTA and other issues has Canadian businesses worried about the future, says a Globe and Mail report filed on Canada Day.

In the article, the chief economist at Export Development Canada, the government’s export credit agency, reports that Canadian order books are full and firms are struggling to keep up with demand. The economy is running at full capacity, wage growth is strong, employment figures are positive and Canada’s exports are robust.
And yet while they feel upbeat about how thigs are going now, Canadian firms say they are worried about a range of issues: NAFTA and worsening trade relations with the US, rising interest rates, heavy consumer debt, protectionism and Canadian tax competitiveness.
“The unease seems at odds with the economic success story that Canada has put together since it celebrated its 150th birthday last July 1,” the report concludes. “Frankly, the country celebrates its 151st on a high.”

Jason Kenney opens Mazak Edmonton Technical Centre

Alberta Premier Jason Kenney cut the ribbon during the grand opening of Mazak Corp.'s Canada  new technical centre in Edmonton, Alta. 

DMG MORI supports Porsche in sports car race

DMG Mori (DMG Mori Seiki Ellison Technologies in Canada) is the new exclusive premium partner for Porsche, which returns to sports car motor racing after an absence of more than a decade.

ATCO building RNG plant in Alberta

ATCO Energy Solutions and partner Future Fuel Ltd. have received provincial funding to build and operate a renewable natural gas (RNG) facility near Vegreville, Alta.

Bystronic acquires Antil

Bystronic has announced it is increasing its existing 70 percent stake in automation specialist Antil S.p.A. and acquiring the remaining 30 percent minority stake.

Honda helps develop face mask supply chain

Honda worked with two manufacturers seeking to quickly expand their ability to produce face shields.

Mazak to open tech centre in Edmonton

Mazak Corp. Canada will in September 2020 open a new technical centre in Edmonton, Alta. 

MC Machinery showcases manufacturing technology

MC Machinery opened its doors to customers on June 4 to showcase its wide range of machining and fabricating technologies, including a metal laser sintering hybrid milling machine and fiber laser cutting technology.

Doug Ford’s first budget: what to expect?

The Conservative government of Ontario Premier Doug Ford introduces its first budget at 4 p.m. on Thursday.

IMTS: More to see in 2012

Event on track to rank among top five largest IMTS events covering 1.2 million net square feet of trade show space with more than 1,800 exhibitors

Haimer hires marketing support for Canada, US, Mexico

Desiré Karp has joined Haimer USA as marketing coordinator. She will be the lead organizer of trade shows, trainings, and events and support marketing efforts in Canada, the USA, and Mexico. She has more than 17 years of experience in trade shows and event marketing, 12 of which were specific to the metalworking sector

BC to see fastest growth, Quebec to follow: report

In yet another report about economic growth for Canada's provinces, BC is expected to post more than 3 per cent growth in the next two years followed by more modest growth by Quebec of 2.1 per cent in 2016 and 3 per cent in 2017, according to the latest figures in the Conference Board of Canada's latest Provincial Outlook.

Ontario-made propellers for US Navy

An Ottawa, ON, manufacturer has developed a cost-effective machining process for complex impellers and propellers and just completed delivery of a series of its machined products for the US Navy. 

Alberta announces $58M for Natural Gas Challenge winners

The Government of Alberta through Emissions Reduction Alberta (ERA) has earmarked millions of dollars to fund a number of innovative projects that improve productivity and reduce emissions in the natural gas sector.

Aluminum big part of Magna ultralight door

Magna International Inc., in cooperation with the US Department of Energy (DOE) and partners FCA US and Grupo Antolin, announced it has developed a new, ultralight door architecture that achieves the project objective of 42.5 per cent mass savings compared to an average current production door.

$480 M Siemens software grant to McMaster University

Students enrolled in design and manufacturing programs at McMaster University in Hamilton, ON, now have the ability to use the same technology that businesses around the world use thanks to a $458 million software grant from Siemens Canada.

Stay In Touch

twitter facebook linkedIn