Browsing Category
Manufacturing
Bombardier to cut 1,600 jobs to reduce costs, consolidate work
MONTREAL — Bombardier Inc. said Thursday it will reduce its overall workforce by about 1,600 jobs as it moves to cut costs.…
Toyota profits up amid recovery from pandemic fallout
TOKYO — Toyota reported a 50 per cent jump in its October to December profit Wednesday, underlining a solid recovery at the…
Seaspan lands order for two 24,000 TEU container ships
LONDON — Seaspan Corporation has inked an agreement with a major shipyard for two 24,000 TEU newbuild container ships with…
Ontario to begin gradual reopening of economy
TORONTO — Ontario will begin to gradually reopen its economy on Wednesday but the government could use an "emergency brake'' to…
GM announces temporary layoffs at CAMI plant
General Motors said its CAMI plant in Ontario will be idle for a week as a worldwide shortage of computer chips plagues the auto…
Why US hiring could rebound faster than you might expect
WASHINGTON — Hiring has weakened for six straight months. Nearly 10 million jobs remain lost since the coronavirus struck. And…
Canada signs deal with Novavax to make Covid-19 vaccine at new Montreal facility
OTTAWA — Prime Minister Justin Trudeau announced a tentative deal with US vaccine-maker Novavax to produce its product in Canada…
Euro economy burdened by pandemic, seen lagging US and China
FRANKFURT — The European economy shrank 0.7 per cent in the last three months of 2020 as businesses were hit by a new round of…
US factories grew in January, but at a slower pace
SILVER SPRING, Md. — American factories continued to expand in January, but at slower pace than December.
The Institute for…
China manufacturing growth weakens in January
BEIJING — China's manufacturing growth weakened in January, according to two surveys, suggesting its rebound from the coronavirus…
Economy grew 0.7 per cent in November: StatsCan
OTTAWA — Statistics Canada says the economy grew 0.7 per cent in November.
The gains in November was the seventh straight month…
At Davos, Canadian investment leaders set timelines for climate friendly economy
Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday, as…