As reported by The Canadian Press, Magna CEO Don Walker said any border adjustment tax imposed by the U.S. would have a “material adverse effect” on operations and profitability.
The total market for the plastic electronics sector is estimated to grow from US$26 billion in 2017 to US$69 billion in 2025, and will revolutionize consumer goods, a new report said. The report, from UK-based Innovation DB, the world’s largest…
Sales gains in Alberta and Saskatchewan are expected to be more than offset by declines in Ontario, Quebec, and Atlantic Canada.
But the bank anticipates lower annual sales, as vehicle affordability begins to erode alongside some slowing in real income gains.
According to the Robotic Industries Association, orders surged 61 per cent in assembly applications while food and consumer goods orders increased 32 per cent.
In Canada, volumes will be undercut by recent price hikes for new cars and light trucks, as well as lower replacement demand than in the United States, Scotiabank’s latest Global Auto Report said.
The global market for thermoform packaging will reach US$57.6 billion by 2024, according to a new report by Transparency Market Research. According to the report from the Albany, N.Y.-based research company, the global market was US$36.4 billion in 2016 and…
The International Monetary Fund’s latest outlook for advanced economies as a whole also predicts the U.S. will lead global growth in 2017.
This was the first quarterly decline since Q3 2015, the Association’s report said, and it was only the second time there was a quarterly decrease since the post-recession recovery began in 2010.
October’s decline followed two consecutive monthly gains.
United States President-elect Donald Trump has tapped Dow Chemical Company chairman and CEO Andrew Liveris to head his incoming administration’s new American Manufacturing Council. Trump made the announcement during a Dec. 10 rally in Grand Rapids, Mich., where he introduced…
The first project is a joint venture between Calgary-based Pembina Pipeline Corporation and Petrochemical Industries Company, based in Kuwait; the second project is being proposed by Calgary-based Inter Pipeline.
Volumes in both Canada and Mexico posted double-digit year-over-year advances, while U.S. purchases exceeded expectations and lifted year-to-date sales above a year ago.
The U.S. Environmental Protection Agency has proposed to leave in place its greenhouse gas emissions standards for light vehicles through the 2025 model year. Many in the auto industry aren’t happy with the decision.
U.S. purchases exceeded expectations, buoyed by improving economic conditions and enhanced promotions.
With a total value of $61 million, the programs will help Ontario firms scale up and test products and services.
Statistics Canada says sales were up in 12 of 21 industries, representing 70.1 per cent of the total manufacturing sector.
But Canada has posted the largest increase in vehicle production across the NAFTA region this year, Scotiabank said.
Sales in Canada bounced back in September, Scotiabank said, with several automakers reporting records for the month.
Gains were mainly concentrated in the miscellaneous subsector and the machinery, equipment and supplies subsector.