Nearly a year ago, CBC reported on former Industry Minister, James Moore’s meeting with executives from leading automotive companies. In an ongoing effort to strengthen Canada’s automotive sector, Moore has been working closely with Ford, Toyota, Chrysler-Fiat, and Honda to secure additional investments in their Canadian operations. “I’m very positive and very confident that we’ll…
Ontario’s future as a key economic player in Canada’s economy is heavily dependent on the health and success of businesses that operate in the province. In a technologically advancing global market, Ontario must be willing to invest in innovation to enable the province and country as a whole to become leaders in priority industries. To…
Toyota Canada recently announced that they will be investing $421 million for state of the art enhancements to their Ontario production facilities in Cambridge and Woodstock. This amount, which includes a portion of Canadian government funding, shows the company’s commitment to the Ontario automotive industry and 8,000 jobs which area supported between the two plants….
Amongst the updates announced in the Economic Action Plan 2015 was an improvement to the Canadian Small Business Financing Act (CSBFA), a popular small business loan to extend cash flows and support growth. As a quick overview, CSBFA was created to help businesses in establishing, expanding, modernizing, and improving their systems and targets. Businesses can…
In 2012, Statistics Canada compared Canadian business’ commitment to introducing new innovations within their organization between 2007-2009 and 2010-2012. When comparing these time periods, trends can be seen towards an increased focus on organizational innovation, as well as a dedication towards product innovation. These two metrics relate to productivity improvements throughout the organization, often carried…
Canada’s second-largest auto parts maker, Linamar, is receiving significant support from the Canadian federal and provincial governments. The Guelph-based manufacturer has committed to a $506.8 million research and development project that will lead to significant job creation and innovation within Ontario. The resulting economic impact has spurred multiple government investments to assure a successful project…