The Bank of Canada cut its key interest rate to three per cent, but tariff uncertainty looms over Canada’s economic outlook and clouds the future rate path. … READ MORE >
industrials
Canada’s jobs report exceeds expectations for December
Canada’s jobs report for December exceeded expectations in several ways, a credit to a resilient economy poised to grow as more rate cuts are expected. But the risks of tariffs and trade tension affecting the growth and recovery outlook cannot be ignored. … READ MORE >
Trudeau’s resignation spurs uncertainty across Canada’s economy
For nearly a decade, Canada’s political stability helped attract foreign investments. Justin Trudeau’s resignation ushers in a new wave of uncertainty. … READ MORE >
Tariffs would fray Canada-U.S. ties in energy and auto manufacturing
Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >
Manufacturing sector jobs dipped in August
The manufacturing sector lost 24,000 jobs in August, following an upward-adjusted addition of 6,000 in July, according to the Bureau of Labor Statistics. … READ MORE >
Top 5 takeaways from MLC’s June manufacturing conference
From how manufacturers can secure their connected operations in the age of edge computing to how to ease the burden of technical debt, executives converged in Marco Island, Florida, last week to discuss the industry’s most pressing issues at the Manufacturing Leadership Council’s 2024 Rethink conference. … READ MORE >
Manufacturing added jobs in May, but still shows signs of softening
While federal employment numbers released Friday show the U.S. manufacturing sector added jobs in May, the sector also continued a gradual softening, according to data released earlier this week by the Institute for Supply Management. … READ MORE >
Workforce, trade, capital: Conference highlights top manufacturing sector issues in Canada
Workforce dynamics, productivity, advanced technology investments and trade policies are some of the critical issues defining the future of Canada’s manufacturing sector. … READ MORE >
Canada’s October jobs report: Cooling manufacturing labor market
The broader economic slowdown with fewer job vacancies and growing labor participation suggests that the momentum in wage growth may begin to wane. … READ MORE >
UAW strike and Unifor bargaining: Impact on Canada’s auto sector
Within the automotive manufacturing ecosystem, key areas that will be affected by the labor action and contract negotiations include supply chains, inventories, costs and pricing and the EV transition. … READ MORE >