Industry
Pulp & Paper
Canadian corporate R&D spending advances 4.1%
Bombardier is Canada’s largest spender at $2.2 billion.
West Fraser sees Q3 profit improve to $70M
Revenue tops $1 billion from $878 million in the quarter.
Is India BC’s newest dance partner? Clark thinks so
BC premier heads out on 10-day trade mission in major Indian cities in search of new opportunities and potential markets.
Three years in, BC Liberals add First Nations, SMEs to jobs plan
The province’s job creation has been sluggish since the governing Liberals introduced the jobs plan in 2011.
Kruger idling paper machine and pulp operations at Quebec mill
Company says decision to cut 100,000 tonnes of newsprint production and close its de-inked pulp operations due to falling demand.
US Cascades mills back to work following fire
Quebec paper company resumes shipping, 225 workers return to work.
Weekend fire temporarily closes two NY Cascades mills
Incident destroyed about 14,000 tonnes of feeder stock, the company says.
US factory orders surge a record 10.5% in July
It’s not all good news, as business investment slips 0.5% following a June increase of 5.4%.
Resolute closing paper mill in Shawinigan
Cost structure, competition, market conditions sink Laurentide mill.
Fortress selling bank note security division for $17.5M
Buyer Nanotech Security could triple the workforce in next six months.
Ex mill worker in BC accused in fatal shooting may get severance
Accused is part of an arbitration settlement worth $1.2 million involving more than 260 laid off mill workers.
Cascades posts Q2 loss on higher sales
Loss caused by the company’s exit from the kraft paper business and closing a mill in Europe.
Emissions from Northern Pulp in NS creating a stink
But provincial government is mum on how high levels must go before there’s a shut down.
Canada-EU trade deal clears major hurdle with deal on final text
The Harper government says the deal will boost bilateral trade by 20%, an increase of $12 billion in Canada’s annual income.
Small chemical spill at Cascades Norampac plant
Industrial bleach splashed onto soil and into river from container tip over.
Outlook improving for most small- and medium-sized metropolitan areas
But economic growth remains tepid, according to the Conference Board of Canada.
WorkSafe report calls for better protection of BC workers
More inspections and a wider array of penalties for problem employers needed.
Cascades Inc. to close Quebec kraft paper plant, 175 jobs affected
Closure due to unfavourable market conditions and inability to sell the plant, company says.
Cascades sells three Quebec plants, fine papers business for $39.5M
Sale will help the company reduce its debt.
Study calls for more federal investment in forestry technology
Canada’s forest sector saw net operational losses in 2008 and 2009, and still has not recovered to pre-recession levels.
With exports still lagging, what can Canada do to improve trade performance?
Trade minister Fast will unveil plans this week to embed more than 25 trade commissioners in businesses across Canada.
West Fraser tops global softwood lumber production, but Canfor narrows gap
International Wood Markets survey says overall global softwood production grew by only 2%.
Canada losing foreign market share, missing out on about $40B in exports: Poloz
Blames poor productivity, a stronger loonie, and the disappearance of about 9,000 exporting firms since the recession.
Asian toe-hold
Pros and cons of the South Korea deal.
Executives’ confidence in global economy up 24%: EY
Improved confidence means companies are planning on pursuing more M&A activity in the next 12 months, survey suggests.
Cascades to close Swedish boxboard plant in June
Company reorganizes Europe production amid weak market conditions.
Rise in profits hint at Canadian forestry sector turnaround
PwC report suggests Canadian manufacturers have benefitted from a weakening Canadian dollar.
South Korea trade deal good for economy: Poloz
Ottawa says the deal will increase exports to South Korea by 32%
Canada can learn from Germany on skills: Kenney
Employment minister says feds, provinces can expand paid co-ops for students
Tembec sells its pulp mill in Chetwynd, BC
Paper Excellence will restart the operation, shut down since September 2012.
Fortress Paper says Chinese duties will harm Canada's pulp sector
Fortress, Tembec and two other Canadian producers are currently paying a 13% levy to supply China.
Resolute seeks more cost savings despite job cuts
Paper-maker will cut up to 170 jobs at plants in Ontario and Quebec.
