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Fuel cell market will double in five years: report
The market for fuel cell technology will more than double worldwide in the next five years, a new report says. As of this year, the market is worth approximately $613 billion, but growth, primarily in...
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Province lends steel maker $7 million for plant upgrades
The government of Ontario is investing in the province’s steel industry by lending Ivaco Rolling Mills $7 million to help it update its facility, according to a statement from the Ministry of Economic...
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Slight drop in April manufacturing sales due to petroleum, aerospace
Manufacturing sales in Canada fell 0.1 per cent in April to $50.9 billion. It was the first decrease in four months, due mainly to lower sales of petroleum and coal products, aerospace products and...
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Jobless rate down, balance of trade up as economy shows strength
Once again, the economists got it wrong. A Bloomberg News survey of twenty-five economists had produced a forecast for 5,000 Canadian jobs lost in October. Instead, 43,100 jobs were created, enough to...
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Outlook good for Ontario manufacturers despite dip in PMI
Output and new orders continued to rise for Canada’s manufacturers in December, though at a slightly weaker rate than in previous months. Companies hired workers and increased buying activity to meet...
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