Martinrea earnings up 28% in Q3 despite GM strike
$4 billion revenue target pushed back to 2021 after several auto companies pushed back vehicle programs.
Stelco reports earnings of $125M in Q3, a sharp jump from last year
Volumes shipped by the Hamilton steelmaker surged more than 42% to 586 million tons.
Tariffs force some automakers to dim earnings outlook
Significant increases in commodity costs blamed for GM’s expected lower profits.
Are 30 somethings earning more than their parents? Study says “yes”
Canadians who turned 30 between 2000 and 2014 had a family income that was equal to, or greater than what their parents earned at the same age.
Pay gap between US college grads and everyone else at a record
They earned 56% more than high school grads in 2015, up from 51% in 1999.
Slipping national wealth overly reliant on oil and gas: study
Canadians’ lifetime earnings value increased just 0.19% annually over three decades.
Canadian railways temper 2015 outlook on tough market conditions
A sluggish economy and lower volumes of coal, grain and energy products could undermine the lofty 2015 earnings goals, analysts say.
Unions denounce South Korea free trade deal
Unifor, USW cite growing trade deficit as a potential threat to Canadian auto sector, jobs.
Bombardier puts salary freeze on 38,000 non-unionized employees
Aerospace giant says freeze caused by costly delays in the launch of its CSeries commercial jet.
Trade deal between Canada, South Korea meets resistance from auto sector
There’s concerns that removing a tariff of 6.1% on auto imports from South Korea will further skew the playing field.
Boeing to freeze 68,000 non-union workers’ pensions in 2016
Aerospace giant will put them in 401(k) style plan.
NEB approves Enbridge’s Line 9 reversal plan
The approval subject to conditions, including Enbridge undertaking activities involving pipeline integrity, emergency response.
Linamar ups dividend 25% after record year
Record levels of new business wins to solidify growth: Hasenfratz.
Frigid winter impact profits: plan for delivery delays
Next year arrange for inventory at strategic positions in supply chains.
Hyphen and University of Guelph to share technology
Partnership will share 3D printing and prototyping, innovations and services.
Growth Tips: The simple power of persistence
Salespeople need to make six to nine calls to reach a prospect.
Canada writes US: offers to work together on oil pollution
Letter calls for Obama administration to approve Keystone XL pipeline.
Manufacturing and processing lead buy out deals in 2013
CVCA reports $12.3 billion in the value of disclosed deals for the year.
GM invests $14 Million for new press at Parma plant
Progressive press will eventually be used for both die tryout and regular parts production.
Chrysler Canada sales up 10%; Ford Canada down slightly
Overall Canadian sales were 105,693 vehicles for the month, up from 103,226 in February 2013.
Enbridge gets shipper support for $7B pipeline replacement program
The L3R Program will replace all segments of the line between Hardisty, Alta. and Superiour, Wis.
OPG generous salaries, pensions, bonuses push up electricity rates
Ontario auditor general’s cites significantly more generous compensation than other public service positions.