Operations
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Inflation ticks up to 1.2 per cent on higher fuel prices
Statistics Canada’s inflation report said two of the Bank of Canada’s three measures for core inflation, which omit volatile items like gas, saw slight increases in July
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New Ford CEO responds to dealer, investor complaints about lacklustre lineup
Ford’s U.S. sales were down four per cent through July and its market share has slipped 0.3 percentage points, causing investors and dealers to criticize the company’s product decisions
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Great Lakes Manufacturing Council ceases operations
The Council of the Great Lakes Region has taken up the mantle of promoting manufacturing in the Great Lakes region, which has the economic heft equal to the third largest economy in the world
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U.S. report says slumping auto sector pinching factory output, but economists dispute findings
An economist at Pantheon Macroeconomics, said the Fed’s report “is very hard to square” with other manufacturing indicators, which indicate a general manufacturing recovery in the U.S.
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Waterloo’s Descartes Systems acquires Ohio truck-tracking company for US$107M
Based in Waterloo, Ont., Descartes paid US$87 million in cash and shares worth US$20 million to acquire online logistics services provider MacroPoint
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Bombardier employee in Sweden charged with aggravated bribery
Swedish officials say Russian employee Evgeny Pavlov bribed a public servant in Azerbaijan to win a contract for a new signalling system with a contract value of around $340 million
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Canada’s oil and gas sector will escape NAFTA overhaul, says Alta. minister
Alberta’s trade minister Deron Bilous says said U.S. lawmakers recognize the importance of an integrated energy market
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Feds ink $800M navy service contract with Thales, could create and maintain 2,000 jobs
The contract was awarded to the joint venture of Thales Canada Inc. and Thales Australia Ltd. to service patrol and support ships. The contract includes an option to extend services for up to 35 years, for a total of $5.2 billion
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China warns White House after top strategist Bannon says U.S. is in ‘economic war’
China appealed to preserve stable relations after top Trump aide Steve Bannon told a newspaper the U.S. is in an “economic war” with China and recommended pursuing a trade investigation and anti-dumping action against Beijing
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Public sector committed to attracting millennials to buck human capital issues
With higher retirement rates coming, the public sector needs to attract younger employees. According to a report from The Conference Board of Canada, new priorities and values are required across the board