Industry Update

Hypertherm acquires OMAX

March 20, 2019

OMAX Corporation and Hypertherm have signed a definitive merger agreement.

Read more: Hypertherm acquires OMAX

2019 budget draws mixed reviews

March 20, 2019

Ottawa has introduced its 2019 budget, to mixed reviews from business.

Read more: Ottawa’s pre-election budget gets mixed reviews

Photo: Durham College

March 18, 2019

The town of Whitby ON is contributing $1 million over five years towards Durham College’s expansion of its Whitby campus.

Read more: $1 M for Durham College trades education expansion

Testing the 3D printed brake caliper from Bugatti.

March 13, 2019

Metal additive manufacturing technology is accelerating industrial development in the automotive sector, as shown by the repeated success of the Bugatti sports car brand in achieving consistent function integration and significant performance optimization of components.

Read more: Bugatti develops components using additive manufacturing

Linamar

March 13, 2019

Linamar's fourth quarter results marked the 9th consecutive record breaking year of double digit earning growth.

Read more: Double digit, record-breaking year for Linamar: Q4

Photo: CenterLine

March 10, 2019

CenterLine (Windsor) has won the Canada’s Best Managed Companies Gold Standard Requalified winner designation.

Read more: CenterLine maintains position as one of Canada’s Best Managed Companies

Canadian dollar falls

March 6, 2019

The Canadian dollar dropped to its lowest level since January 4, falling 0.7 per cent to $1.3439 versus the U.S. dollar and reducing its climb for 2019 to 1.5 per cent.

Read more: Loonie drops to two-month low

Evraz North America

March 6, 2019

The federal Ministry of Innovation, Science and Economic Development is investing $40 million in a supplier of tubular goods to the oil industry.

Read more: Ottawa invests $40M in energy industry supplier

Photo: FedDev Ontario

March 3, 2019

The federal government has announced more than $1 billion in funding over six years to support economic growth in rural and urban areas of southern Ontario.

Read more: Ottawa invests over $1B in southern Ontario

IHS Markit's Manufacturing PMI for February 2019

March 1, 2019

A sharp downturn in employment growth set the negative tone for the IHS Markit Purchasing Managers’ Index (PMI) for February, however there was also strong demand from US clients that helped support overall new export orders.

Read more: Manufacturing index slips to 26 month low

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