The six companies, which provide aerospace parts and services, will benefit from funding announced by Canada’s innovation minister at the Paris Air Show.
But shops still remain “very optimistic” about the next three months, a new report said.
Most automakers exceeded expectations last month, StatsCan said, but sharp double-digit declines in fleet deliveries from several manufacturers reduced industry volumes.
U.S. passenger vehicle sales were also disappointing, with most automakers reporting lower-than-expected volumes.
Factory sales were down in 10 of the 21 industries, representing 37% of the manufacturing sector; sales in motor vehicle assembly fell 5.3%, while petroleum and coal products dropped 5.0%.
Canadian vehicle sale purchases in March 2017 advanced 7% above a year earlier, setting a monthly record for March. According to the latest Auto News Flash from Scotiabank, sales exceeded an annualized 2.1 million units in March 2017, lifting year-to-date…
A new survey being conducted by the Automotive Parts Manufacturers Association seeks to detail the level of integration in the North American auto industry.
The motor vehicle and parts subsector contributed the most to the gain, the agency said.
The report, by Toronto-based think tank C.D. Howe Institute, said industries at “high risk” of automation make up just 1.7 per cent of the Canadian workforce.
Will Canada’s carbon tax plan hurt the plastics industry’s competitiveness?
North American auto production to climb to record high in the second quarter, the bank said.
For the first time since the recovery in the plastics industry began in 2010, North American shipments of plastics machinery posted a second consecutive quarterly decrease, according to statistics compiled and reported by the Plastics Industry Association’s (PLASTICS) Committee on Equipment Statistics (CES).
Exports were up 0.5% on the strength of higher exports of motor vehicles and canola, the agency said.
Canadian manufacturing growth rose in February to its highest level since November 2014, a new report said, with an increase in new orders and employment suggesting a rebound in business confidence two years after the oil price shock hit the…
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.