Industry Update

Record high growth for manufacturing

July 3, 2018

The manufacturing sector hit record-high levels in June, according to the latest data from the IHS Markit Canada Manufacturing Purchasing Managers' Index (PMI), registering 57.1, up from 56.2 in May and the highest reading in  more than seven and a half years of data collection.

Read more: Manufacturing hits record-high growth: Survey

Depends on how you look at it?

July 2, 2018

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.

Read more: NAFTA worries spoiling the upbeat mood?

Reported difficulty meeting demand

June 29, 2018

The Bank of Canada’s Q2 2018 BOS survey has struck a positive note.

Read more: Sentiment positive in Q2/18 Business Outlook Survey

Antil sheet metal processing

June 29, 2018

Bystronic has announced that it is acquiring 70 per cent of the shares of Antil S.p.A.

Read more: Bystronic takes majority interest in Antil

Factory sales rise slightly

June 24, 2018

Statistics Canada figures released last week show that Canadian wholesale trade increased by 0.1 per cent in April from March.

Read more: Canadian factory sales rise slightly in April

Magna

June 18, 2018

Magna International Inc. has announced that it is forming two joint ventures with Beijing Electric Vehicle Co. (BJEV), China’s biggest electric vehicle manufacturer, to engineer and build EVs in China.

Read more: Magna forming electric vehicle joint ventures in China

Automotive exports

June 14, 2018

U.S. President Trump’s belligerent talk – and action – on tariffs against his country’s North American neighbours has observers warning about the potential economic fallout.

Read more: Tariff talk – and consequences

Samuel, Son & Co.

June 10, 2018

Metals distributor and industrial products manufacturer Samuel, Son & Co. has announced an $18 M investment in its Brantford, Ontario automotive metal processing centre.

Read more: Samuel to make $18 M expansion to Brantford facility

FABTECH and CWB

June 10, 2018

CWB has announced that it will be offering educational support through its Acorn educational program at FABTECH Canada, North America’s largest event dedicated to metal forming, fabrication, welding and finishing.

Read more: CWB Group partners with FABTECH Canada

Metal products

June 6, 2018

Canada's merchandise trade deficit was cut in half in April as exports rose to a record and imports moved lower, Statistics Canada said Wednesday.

Read more: Metal products exports help narrow Canada’s trade deficit to $1.9 B in April

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