Industry Update

EDC export outlook for 2019

November 8, 2018

Export Development Canada (EDC) has released its fall Global Export Forecast, and expectations for 2019 show solid export growth.

Read more: EDC predicts good 2019 for Canadian exports

Mazak Discover Automation Education event

November 7, 2018

November 8-9, 2018, Mazak Canada will host a two-day Discover Automation Education Event, focusing on how to automate low to medium-volume/high-mix machining production.

Read more: Mazak hosts Discover Education Automation event

Magellan Aerospace

November 6, 2018

Magellan Aerospace Corporation has secured a six year agreement with Airbus for a contract extension for the manufacture of A350 XWB centre wing box and keel beam detail parts.

Read more: Magellan wins $140 M Airbus contract extension

Rory Johnston makes the case for $100 oil

November 4, 2018

Scotiabank’s Rory Johnston talks to the Financial Post’s Larysa Harapyn about the likelihood of oil reaching the $100 dollar threshold – and what it will take to get there.

Read more: Can oil hit $100? Where prices are headed in 2019

Full time employment surges

November 4, 2018

Statistics Canada has reported that the Canadian economy added 11,200 jobs in October as unemployment dipped to a 40-year low.

Read more: Canadian full-time hiring surges, Statscan says

Tekna announces plant expansion

November 4, 2018

Canadian advanced material powder manufacturer Tekna has announced the expansion of its second plant and its new manufacturing infrastructure in Sherbrooke, Quebec.

Read more: Tekna announces $5.5M expansion of Quebec metal powder production plant

Battery Ventures acquires SigmaTEK

October 30, 2018

Technology investment firm Battery Ventures has acquired SigmaTEK Systems, a manufacturing and fabrication software company.

Read more: Battery Ventures acquires SigmaTEK Systems

Skilled labour shortage. Source: CFIB

October 30, 2018

The Canadian Federation of Independent Business (CFIB) says that more small businesses in Canada than ever are reporting that they face a shortage of skilled labour.

Read more: Record number of small Canadian businesses short of skilled labour

Photo: Toronto Star/Getty Images

October 24, 2018

The recent signing of the United States-Mexico-Canada Agreement – also called NAFTA 2 – may have come as a relief to businesses on both sides of the US-Canada border, but the deal is complicated, and there are different takes on the impact it will have on the Canadian economy.

Read more: USMCA and Canadian manufacturing

New auto content rules

October 17, 2018

Canadian automakers are looking at their supply chains to make sure they’re prepared for the new regional content rules that are part of the new US Mexico Canada Agreement (USMCA), which replaces NAFTA.

Read more: Auto companies readying for new content requirements under USMCA

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