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Manufacturing
US company signs deal to buy Quebec-based Uni Select
BOUCHERVILLE, Que. — US company LKQ Corp. has signed a deal to buy Quebec-based Uni-Select Inc. in an agreement that values the…
GM to build electric motors at St. Catharines plant
ST. CATHARINES, Ont. — General Motors says it plans to build motors for electric vehicles at its St. Catharines, Ont. propulsion…
Magna opening EV battery facility in Brampton
BRAMPTON, Ont. — Magna is announcing it is putting more than $470 million into bolstering its Ontario operations, including an…
Manufacturing and wholesale sales down in December
OTTAWA — Statistics Canada says manufacturing sales fell for a second consecutive month in December as they dropped 1.5 per cent…
Production volatility, costs weigh down auto industry: Magna chief
TORONTO — Shares of Magna International Inc. closed down 17 per cent Friday after fourth-quarter results, hit by production…
Canada takes wait and see approach on latest Buy American gambit
WASHINGTON — Construction industry advocates, business leaders and suppliers in Canada are taking a cautious, almost sanguine…
Canadian clothing companies lack awareness of child labour risks: Report
OTTAWA — The Canadian Ombudsperson for Responsible Enterprise says Canadian clothing companies have limited awareness about…
Toyota reports eight per cent drop in October-December profit
TOKYO (AP) — Toyota reported an 8.1 per cent drop in fiscal third quarter profit Thursday, as a global shortage of computer chips…
China sees factory activity rebound
BEIJING (AP) — Chinese factory activity rebounded in January from three months of contraction, adding to signs the world's…
Canadian economy loses steam, expected to slow further amid high interest rates
OTTAWA — The Canadian economy lost steam as 2022 drew a close, setting the stage for a continued slowdown this year as high…
Enough rare earth minerals to fuel green energy shift
The world has enough rare earth minerals and other critical raw materials to switch from fossil fuels to renewable energy to…
Tesla will invest $3.6 billion in truck factory expansion
SPARKS, Nev. (AP) — Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident…