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1 day ago · The federal government is investing almost $13.4 million to support made-in-Alberta technologies aimed at reducing pollution while growing jobs and economic prosperity.. These projects will try to improve carbon capture technologies, making them more affordable, efficient at reducing emissions and easier to use across industrial sectors.

Nov 13, 2023 · “Global market uncertainty is certainly a factor, and based on several discussions with Canadian manufacturing CFOs, these stats can be attributed to a combination of increased costs due to labor, higher interest rates servicing debt, and inflationary pressures, but also risk mitigation, with companies preserving cash flows and choosing to “wait and see,” as opposed to taking on any ...

Jan 20, 2025 · Canada’s food processing and manufacturing capacity has declined significantly in recent decades as the country’s reliance on imported products rose, said Graydon. But after the supply chain struggles of the COVID-19 pandemic and other disruptions, “I think there is a resurrection of this desire to be more self-sufficient.” Canada generally has a trade surplus with the U.S. when it ...

3 days ago · Data aggregation capabilities: Extending aggregation will prove vital to navigating near- and long-term tariff changes, as the ability to quickly combine trade-related data with economic conditions and tariff information will allow companies to better predict potential changes to tariff rates in the future. Companies that can quickly assess and embrace changing tariffs will be able to adjust ...

Oct 29, 2024 · Among those utilizing IIoT, a significant 82 per cent are focused on enhancing efficiency and productivity. Key applications include tracking materials and assets (60 per cent), improving visibility from the manufacturing floor to business management (62 per cent) and gaining insight into production processes (68 per cent).

4 days ago · The Conference Board of Canada is forecasting the domestic economy will grow 1.5 per cent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on growth. Cory Renner, associate director of economic forecasting at the Conference Board, says while declining interest rates have alleviated some pressure, uncertainty surrounding trade and the impact of ...

Sep 19, 2024 · “Real decisions need to be made on the prediction of (what will be needed) five years from now, 10 years and 20 years from now,” he said. In a recent statement, Umicore said customers’ demand projections for its battery materials “have steeply declined recently,” and the future of the plant will be informed by a comprehensive review of company operations in Asia, Europe and North ...

It’s here! Canada’s only national industry report on the advanced manufacturing sector. Brought to you by Plant and Canadian Manufacturing Online (CMO), this

Nov 5, 2024 · The future of plant asset management: How AI is leading the way By Treena Hein November 5, 2024 Operations Manufacturing artificial intelligence Asset Management manufacturing Technology. Industry experts agree that companies that do not implement AI to harness their asset-generated data will eventually either …