Supply Chain
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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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‘This hypocrisy is appalling’ Bombardier slammed with additional 80% duty
Foreign Affairs minister Chrystia Freeland blasted the U.S. for adding 79.82 per cent to the 219.63 per cent in preliminary countervailing tariffs against Bombardier. She says “Boeing is manipulating the U.S. trade remedy system”
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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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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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TransCanada blames ‘substantial uncertainty’ in cancelling $15.7B Energy East pipeline
TransCanada cites an NEB decision to consider greenhouse gas emissions from the production and processing of the oil it transports in the pipeline, but opponents of the project said the company realized it wasn’t needed
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Churchill, Manitoba is still isolated…and winter is coming
The subarctic town was marooned when severe flooding damaged its only rail line. OmniTrax, the line’s owner, won’t pay for repairs and residents say they have had no communication from the federal government
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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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‘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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TransCanada cancels Energy East mega pipeline
Calgary-based Transcanada is informing the National Energy Board that it is no longer pursuing applications for Energy East or its Eastern Mainline projects