Industry Update

Canada wants U.S. flexibility on NAFTA

April 2, 2018

Canada’s chief NAFTA negotiator has warned that the U.S. needs to show more flexibility on “core” issues if it wants to get a deal signed this spring, according to The Canadian Press.

Read more: Canada warns ‘big gaps’ remain in NAFTA talks

April PMI released

April 2, 2018

The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), released on April 2, registered 55.7, little changed from the 55.6 posted in February and above the neutral 55.0 threshold for the 25th month in a row.

Read more: PMI shows manufacturing growth, high cost inflation

Metals dumping

March 28, 2018

One day after a phone meeting between Canadian Prime Minister Justin Trudeau and US President Donald Trump, Ottawa announced measures to prevent Canada being used as a back door for the import of cheap offshore steel imports destined for the US.

Read more: Canada shuts door on cheap metal imports

NAFTA

March 21, 2018

NAFTA talks looked set to move forward as the U.S. dropped a contentious American content rule for cars exported to the U.S. from Canada and Mexico, sources close to the talks say.

Read more: NAFTA talks could be back on track as U.S. drops auto-content rule

Bystronic acquires Italian tube and pipe laser cutting manufacturer TTM

March 20, 2018

TTM tube laser cutting machine

Bystronic is expanding its metal fabricating reach with the acquisition of Italian tube laser cutting and laser welding equipment manufacturer TTM.

Read more: Bystronic acquires Italian tube laser cutting firm TTM

Autonomous vehicles

March 20, 2018

Magna International stock rose almost five per cent in early trading last Thursday following a technology development deal between the Canadian auto parts giant and Lyft Inc., an American ride-hailing company.

Read more: Lyft signs Magna for autonomous vehicle conversion kits

Creepex to work for SpaceX

March 13, 2018

The co-founder of a small Quebec company says he's excited about being asked by Elon Musk's SpaceX to design and develop creeper seats to help workers inspect the California-based aerospace manufacturer's Falcon 9 rockets.

Read more: Quebec company to develop device for Elon Musk's SpaceX

CenterLine

March 11, 2018

CenterLine Limited of Windsor, ON has maintained its status as a Gold Standard Requalified winner and has been recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies award.

Read more: CenterLine named one of Canada’s Best Managed Companies

Arnes Welding military trailer

March 11, 2018

Mack Defense has announced the completion of the 100th Load Handling System (LHS) Trailer, as part of the Canadian Army's MSVS – SMP Program.

Read more: 100th military trailer completed at Arne’s Welding

ING 18980 04422

March 7, 2018

Canada could still avoid being subject to US proposed heavy tariffs on steel and aluminum.

Read more: Canada could get break on metals tariffs, White House says

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