Canada’s recently-released Fall Economic Update offers many provisions that directly support business competitiveness and make it easier to invest. Most beneficial to manufacturers is the announcement that the full cost of machinery and equipment can be written off immediately. Businesses outside of the manufacturing industry will also benefit from a similar incentive that supports writing…
exactEarth is a Satellite Automatic Identification Systems (S-AIS) technology developer that collects and transmits global maritime vessel data. Since 2009, the Cambridge, Ontario-based company has been a top innovator of AIS vessel tracking systems and now captures significantly more data than any other space-based AIS system. With global customers ranging from national governments to coast…
The government of Canada has recently awarded Hamilton steel and aluminum producer ArcelorMittal Dofasco with Canadian government funding. Financial support from the government will help the company retain over 6,000 jobs, modernize its facilities to enhance productivity and reduce environmental impact, and sustain its competitiveness and long-term prosperity with global partnerships. ArcelorMittal has received $49,900,000…
The United States-Mexico-Canada Agreement (USMCA) offers many opportunities as well as some challenges for Canadian businesses. If ratified, the new agreement-in-principle will take effect on January 1, 2020 and significantly impact supply chain management, predominantly in the dairy, poultry, and automotive sectors. While there are many businesses across Canada that are concerned about these changes,…
Canada’s steel and aluminum sectors are top economic drivers. In 2017 alone, they employed close to 25,000 workers and contributed nearly $9 billion to the country’s GDP. Keeping these sectors globally competitive is vital to Canada’s overall economic well-being, which is why new measures have been put in place recently to protect steel and aluminum…
The Strategic Innovation Fund (SIF) is a Canadian government funding program that supports industrial research and development projects. Through the program, Canadian innovators can accelerate technology transfer and commercialization of innovative products, processes, and services. There are multiple streams of the program, including several directed exclusively towards businesses; however, one stream seeks collaborative projects involving…
The Government of Canada recently awarded Toyota funding for research and development initiatives. The company’s projects, based out of its Cambridge and Woodstock plants, will have a long-lasting impact on the domestic automotive sector and will enhance future growth and prosperity. This investment in Toyota will make sure the Canadian automotive industry stays competitive during…
The Canadian Federal Budget 2018 was released last week to much interest from business leaders and industry analysts. This year, innovation was again a top priority of the federal government, highlighted by the increase in funding support for several research and development funds. Unlike the previous two Liberal budgets, however, there will be considerable changes…
The Government of Canada has recently announced funding support for 11 automotive research and development projects which will have a lasting impact on the sector. Each of the awarded businesses will leverage research grants through the Strategic Innovation Fund (SIF), a newly launched program which seeks to offset a portion of costs for highly-innovative R&D…
Lakeside Plastics Ltd. is a Tier 1 and Tier 2 supplier of plastic injection-molded automotive products. Based in Windsor, Ontario, the company is a top supplier to General Motors and other top automotive assemblers in the region, both in Canada and the United States. Recently, Lakeside Plastics was announced as recipients of the Strategic Innovation…