Canada’s leading advanced technology businesses continue to thrive because of constant investments into innovative R&D. In 2015 alone, the Canadian technology industry contributed more than $9.1 million towards innovative research and development initiatives. This is a calculated approach to growth, since research typically leads to innovation and to international competitiveness. As one of the world’s…
In order for Canadian businesses to develop innovative products and processes, a generation of skilled researchers and labourers must be raised. But despite the clear connection between research, engineering, and success in globally-competitive industries, 35% of Canadian manufacturers and exporters are unable to find and retain skilled labour. This disconnect is limiting growth potential and…
To stay competitive in the automotive industry, manufacturers must find innovative solutions to differentiate themselves and their products. Investing in new research and technology developments can enable both small and large manufacturing businesses to achieve higher profits, and become more competitive. In support of this ideology, Magna International Inc. has invested in the development of…
On November 14, 2016, Prime Minister Trudeau and nine federal cabinet Ministers met with Canadian and international investors to pitch investment in Canadian infrastructure projects. During a series of meetings throughout the day, Trudeau and his team of Ministers argued the strength and positioning of Canada’s economy, as well as the opportunity to grow in…
After 52 years in business, Cambridge Towel is expected to close its doors on November 30, 2016. The closure means that 120 unionized and 40 non-unionized jobs will be lost. After losing a major contract with Walmart in March 2016, the textile manufacturer faced financial pressure and has recently entered bankruptcy protection. Cambridge Towel understood the difficulties…
Canada’s second largest wheat and flour milling operation, Parrish and Heimbecker, Ltd., was recently awarded a federal funding investment of $10M to build a new grain processing plant in Hamilton, Ontario. Canadian government funding provided through Agriculture and Agri-food Canada (AAFC) will allow the company to increase its production capacity and market exports. Parrish and…
The Province of Ontario is positioning itself to be a leader in the development of clean technologies, commonly referred to as “cleantech”. Funds generated from the Ontario provincial cap and trade program will be reinvested into ‘green economy’ businesses, or those exploring new ways to reduce carbon emissions. This is a contributing factor in the…
Among all of the crops produced by Canadian farmers, apples and greenhouse tomatoes generate some of the highest revenues. In 2015 alone, Canadian agriculture farmers earned over $230 million from apple sales and nearly $830 million from greenhouse tomatoes, each boasting strong domestic and international sales. However, pests and bacteria can pose a threat to…
Unifor, Canada’s largest automotive workers’ union, recently approved new 4-year labour deals with General Motors and Chrysler-Fiat Automobiles. The agreements, which also prevented a potential October 10 strike, will secure slight increases to wages and pensions of workers. However, the real gains made through these negotiations come from securing new investments into Canadian production facilities. Negotiations…
Jet planes were always something that amazed me growing up. Taking a giant metal ship and make it soar through the sky at 1,000 km/h by burning dinosaur remains was undeniably cool. I was far from alone in this method of thinking; in Ontario aerospace is a big deal. The Ontario aerospace sector, despite what…