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BoC raises key interest rate amid high inflation

The BoC says excess demand in the economy appears to be more persistent than it had anticipated, citing a tight labour market, better-than-expected economic growth in the first quarter.


Stellantis has all the information it needs to make a decision on Windsor, Ont. mfg. plant: Champagne

Champagne would give no details on the size of the offer except to point out his government's repeated promise to respond as needed to the massive subsidies created in the United States under the Inflation Reduction Act.


Persistent inflation, higher interest rates will affect global economy: OECD outlook

Core inflation, which excludes volatile energy and food prices, is proving persistent as some companies raise prices to increase profits and workers push for higher wages amid relatively low unemployment.


 
 
Sponsored Spotlight 
 
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Take Action Against Combustible Dust

Is your facility protected from combustible dust?


There are several steps you can take right away to reduce the risk of dangerous incidents at your facility and stay compliant with combustible dust requirements. We created this guide to help you take action.
» Download the Guide
 
MANUFACTURING IN FOCUS 
 
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GM announces $280M investment in next-gen truck production at Oshawa Assembly plant

This investment builds on GM’s commitment to Canadian manufacturing, which includes more than $1.2 billion invested in the Oshawa plant in 2020. » Read More...
 
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FLO and Nissan Canada initiatives to boost EV adoption

FLO Home charging units to be available for purchase at Nissan dealer locations. » Read More...
 
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BAE Systems to power ZEB fleet in Que. with propulsion systems

BAE Systems will provide its electric drive systems to Nova Bus for integration on the buses. » Read More...
 
 
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MANUFACTURING IN-DEPTH 
 
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[SPONSORED] North American Leaders’ Summit 2023: The importance of manufacturing in Mexico

Economic interdependence and regional integration have made North America more competitive internationally. » Read More...

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Canadian Manufacturing Q&A: ventureLAB CEO Melissa Chee

Melissa Chee sat down with Canadian Manufacturing to talk about her tenure, the work that has been done at ventureLAB, and what's next for her and the organization. » Read More...

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Algorithms can be useful in detecting fake news, stopping its spread and countering misinformation

A 2018 Twitter study showed that false news stories were more commonly retweeted by humans than bots, and 70 per cent more likely to be retweeted than true stories. » Listen Here...

 
PLANT 
 

Vehicle sales rise in May, showing hope for strong summer: DesRosiers

DesRosiers Automotive Consultants Inc. says May brought hope after several years of disrupted sales patterns, as vehicle sales rose. » Read More...

Bombardier warns Ottawa against going with Boeing on military plane contract

Warning about sole-source contracts and the “fallacy” of an urgent need to buy now, Bombardier Inc. said Wednesday that Ottawa would be erring if it opts to go with Boeing when it replaces Canada’s aging military patrol planes. » Read More...