Manufacturing
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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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Next round of Bombardier duties coming today after Commerce Dept. delay
As if the 220 per cent preliminary tariff announced last week wasn’t enough, the U.S. is expected to pile more “absurd” duties on the Canadian plane maker Friday
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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 MacDonald Dettwiler closes DigitalGlobe deal, confirms move to U.S.
The Canadian firm that built the Canadarm plans to change its name and reorganize its operating structure to place its headquarters in the U.S.
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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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Bombardier may be invited to the Siemens-Alstom party, says France’s finance minister
“I am convinced that this consolidation will integrate, at the appropriate time, Bombardier and the Spanish manufacturer (CAF),” said French finance minister Bruno Le Maire
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Toronto plastics manufacturer fined after temp worker crushed in forklift accident
The worker suffered a permanent injury after being crushed between a forklift and a structural steel column
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North Korea has injected itself into the global supply chain: investigation
North Korea is banned from selling almost anything, but the country is sending tens of thousands of workers worldwide to make products sold in the U.S., Canada, Germany and elsewhere in the European Union