Automotive
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Canadians more pessimistic about their financial future: Poll
In a recent survey, the number of Canadians who self-identify as “middle class” sits at 43 per cent, the lowest recorded since 2002 when about 70 per cent of Canadians defined themselves in those terms
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Canada’s economic growth will lead G7, says IMF
The Washington-based International Monetary Fund is now estimating Canada’s gross domestic product for 2017 will be 3.0 per cent, half a percentage point higher than its July estimate
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Honeywell spins-off more than US$7B in operations, keeps aerospace division
Industrial giant Honeywell is becoming two separate and publicly traded companies, spinning off its homes product portfolio and ADI global distribution business, along with its transportation systems business
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Denso plans US$1B investment in Tennessee auto parts plant
The cash will create more than 1,000 new jobs and position Denso’s Maryville, Tenn. plant as the company’s primary North American manufacturer of electric vehicle parts
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September marked Canada’s tenth consecutive month of jobs growth
September’s unemployment rate stayed at a nine-year low of 6.2 per cent after country added 10,000 net new jobs, including 112,000 full-time positions
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Unifor, GM pause CAMI labour talks, two sides remain far apart
The union says it has been meeting with the automaker daily since Sept. 27 and have “worked through a lot of the contract language” but has made no headway on the outstanding issues
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Canada’s trade deficit increased to $3.4B in August
Statistics canada says the trade surplus with the U.S. narrowed to $2.3 billion in August as the Canadian dollar strengthened, but the country’s trade deficit with countries other than the U.S. slipped to $5.7 billion
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‘You can’t reverse an omelette’: Chretien brushes off Trump NAFTA threats
The former PM said Canadians shouldn’t be too concerned about the U.S. pulling out of NAFTA, but warned the worst-case scenario would cost both countries “dearly”
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Trudeau flies to Washington, Mexico City amid turbulence in NAFTA talks
The prime minister will meet with both his U.S. and Mexican counterparts. With trade talks deepening, one strategist says Trudeau’s goal should be to learn Trump’s intentions
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New Flyer wins 140-bus order from Baltimore
The clean diesel buses will be deployed on the Maryland Transit Administration’s BaltimoreLink starting in 2018, supporting routes that move more than 7 million people per month