Supply Chain
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Two CN trains derailed by powerful gusts as windstorms strike Prairies
67 rail cars were pushed off the tracks by 120 kilometre per hour winds outside Huxley, Alta; another 13 derailed on a separate train near Wainwright, Alta.
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Manufacturing sales make U-turn in August, tick up 1.6%
Statistics Canada says the increase was driven by higher sales in the transportation equipment and petroleum and coal product industries
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Airbus, Ottawa negotiated long-term requirements before inking CSeries deal
Sources say some terms were negotiated in advance by the government and Airbus, which include keeping 100 per cent of those employed at Bombardier’s Mirabel plant and repaying the recent $372-million federal loan to Bombardier
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Omnitrax says damaged Churchill rail line can be quickly fixed, but it won’t pay
Transport Minister Marc Garneau has issued an ultimatum to Denver-based Omnitrax that it has 30 days to fix the rail line and restore service or face legal action
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U.S. Congress report says Trump’s got it wrong on NAFTA
The report from the republican-led Congress says it’s not feasible to use trade agreements as a tool to decrease trade deficit because those imbalances “are determined by underlying macroeconomic fundamentals”
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10 WTO member states denounce Trump’s ‘Buy American’ order
China and Taiwan have joined a number of traditional U.S. allies, including Canada, Isreal and the EU, in urging the U.S. to honour its WTO government procurement commitments
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Bombardier shares soar after Airbus deal
Under the deal, the CSeries headquarters and main assembly line will remain in the Montreal area, but a second line will be set up at Airbus’s plant in Alabama
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Here’s why the U.S. is trying to kill dairy supply management
Dairy supply management blocks out foreign production from the Canadian market, and is a thorn in the side of trade negotiators as other countries look for freer access to Canada’s food markets, but there’s more to it…
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CAMI workers accept GM proposal ‘we’re ready to go back to work’
The automaker threatened last week to shift more production to Mexico if a settlement wasn’t reached swiftly. The two sides agreed to a deal days later, but the workers didn’t gain much
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Aerospace shocker: Bombardier gives Airbus majority stake in CSeries unit
The 50.1 per cent interest in the CSeries is a way to avoid huge import duties imposed by the U.S., but neither Bombardier or the Quebec government will be paid any money. A giddy Airbus executive called the deal a ‘win-win’