Procurement
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Bombardier wins US$143.7M contract from London Underground
Bombardier Transportation will supply new motors and traction control equipment for trains on the busy Central line, the last line on the vast metropolitan rail network to use direct current traction motors
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‘Sanity will prevail’: expert says as Trump ramps up NAFTA pressure
Canada and Mexico shrugged their shoulders in response to the president’s latest threat, while one expert predicted the status quo will win out eventually
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Toronto Hydro invests $60M to upgrade west end electricity grid
The upgrades to Hydro One’s power infrastructure will support growth and electrify the Eglinton Crosstown LRT
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Northrop and Boeing win contracts to replace U.S. nuclear arsenal
The two aerospace firms have been awarded over $300 million each to advance the technology need to replace the U.S. Air Force’s fleet of intercontinental ballistic missiles, which dates to the 1970s
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U.S. signals Trump’s Buy American agenda non-negotiable as first round of NAFTA talks wrap
Officials have concluded talks in Washington, leaving a “great deal” of work for September summits in Mexico and Canada. A long list of topics have already been broached, but one may be strictly off limits
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Brazil to ask for WTO panel to settle dispute over Bombardier subsidies
The request comes as the U.S. government also probes Bombardier’s CSeries aircraft program; Brazil is home to rival plane maker Embraer
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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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Volatility in the U.S. boosting the Canadian dollar
“It’s not that the loonie is strengthening. It’s that the U.S. dollar is weakening,” said a portfolio manager at First Avenue Advisory
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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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Auto sector takes centre stage as NAFTA talks begin
U.S. Trade Rep. Robert Lighthizer opened discussions by pointing to the “carnage in the manufacturing sector” as the reason NAFTA is a failed agreement. He talked about the auto sector in greatest detail, which raised concern north of the border