Business News

The Canada Business News Centre offers you quick access to the business news of the day.

  1. Cove Kombucha receives support to increase brewing capacity and meet growing demand
  2. The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, will deliver a keynote address and moderate a panel at the Diversio and Rosenzweig & Company “Gender and Racial Equality in the C-Suite: An International Dialogue” event.
  3. The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, responsible for the Business Development Bank of Canada (BDC), today announced the appointment of Tania Clark and Vivek Jain to the BDC’s Board of Directors, effective June 11, 2021.
  4. Today, at the Université du Québec à Trois-Rivières, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced investments of more than $635 million in science, research and engineering to support more than 4,800 lead researchers and their teams.
  5. The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping of certain small power transformers from the Republic of Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and the Republic of Korea has caused injury or is threatening to cause injury to the domestic industry.
  6. A Competition Bureau investigation led to multiple criminal charges against Mr. Terry Croteau of Ontario alleging the use of deceptive telemarketing and false or misleading statements to get Canadian businesses to sign up for listings in online directories.
  7. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, will announce significant funding in support of science and research in Canada. The Minister will highlight the Government of Canada’s unwavering support of big ideas that are helping advance Canada’s position as a global innovation powerhouse.
  8. The integration of advanced technology across the automotive and aerospace sectors is transforming the way we travel and transport goods, while offering substantial environmental benefits by reducing emissions and moving us closer to a zero emissions future. Manufacturers integrating new technology are growing in number and SMEs will be required to quickly pivot their operations and seize new supply chain opportunities as the automotive and aerospace sectors embrace greater electrification.
  9. The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by Max-Atlas Equipment International Inc., of Saint-Jean-sur-Richelieu, Quebec, that it has suffered injury as a result of the dumping and subsidizing of certain container chassis originating in or exported from the People’s Republic of China. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA)
  10. Officials from Innovation, Science and Economic Development Canada will hold a technical briefing for media regarding the upcoming 3500 MHz spectrum auction, which will open on June 15, 2021. The briefing will take place via teleconference.
  11. More than $1million in federal funding through Western Economic Diversification Canada will support agri-food innovation in rural Manitoba.
  12. The Honourable Filomena Tassi, Minister of Labour and Member of Parliament Hamilton West–Ancaster–Dundas, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important virtual announcement in Hamilton. Minister Tassi will be joined by Bob Bratina, Member of Parliament for Hamilton East–Stoney Creek.
  13. More than $2.4 million in federal funding through Western Economic Diversification Canada will support business scale-up and productivity in Manitoba.
  14. Today, Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario), along with Francis Drouin, Member of Parliament for Glengarry–Prescott–Russell, announced a FedDev Ontario investment of $625,000 to support the scale-up of Muskoka Cabinet Company Inc., an innovative manufacturer of residential cabinetry.
  15. Investments to support business scale-up and productivity in Manitoba
  16. Investing in Atlantic Canadian small- and medium-sized businesses to become more competitive and innovative helps to create jobs and grow the economy. That is why the Government of Canada is supporting Tor Bay Fisheries Limited to build a live lobster holding facility that will increase its overall sustainability and extend seasonal employment opportunities.
  17. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, the Honourable Jason Kenney, Premier of Alberta, and His Worship Don Iveson, Mayor of Edmonton, announced that their governments are working closely with Air Products Canada Ltd. to advance clean energy in Canada and jointly pursue a transformative $1.3 billion net-zero hydrogen production investment. The clean hydrogen facility would be operational by 2024, a first-mover anchor to secure Canada’s early foothold in the global hydrogen market, pending further discussions and a final scope decision from the company.
  18. Today, Francis Drouin, Member of Parliament for Glengarry–Prescott–Russell, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced over $289,000 in federal funding to bring high-speed Internet to 601 underserved households in the communities of Crysler and St-Albert, Ontario. Bell Canada is investing an additional $867,000 in this project.
  19. A strong and vibrant venture capital (VC) ecosystem is critical for innovation and scaling up in Canada, which will be crucial to our long-term growth and competitiveness.
  20. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Seamus O’Regan Jr., Minister of Natural Resources, the Honourable, Jason Kenney, Premier of Alberta, and Don Iveson, Mayor of Edmonton, will participate in an announcement about efforts to advance a project to create net-zero emission hydrogen energy in Canada.
  21. The Government of Canada and Mitacs announce $2.5M in funding for student internships to drive innovation
  22. Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), will make an important virtual announcement in Barrie.
  23. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, launched two initiatives that will help Canadian businesses and organizations that have signed on to the 50 – 30 Challenge quickly and effectively adopt diversity and inclusion best practices and policies in support of their 50 – 30 Challenge commitments.
  24. The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, will deliver a keynote address at the Canadian Venture Capital and Private Equity Association’s annual Invest Canada conference.
  25. The National Research Council of Canada (NRC) and the University of British Columbia (UBC) are pleased to announce their new Collaboration Centre for Clean Energy Transition. Researchers from the NRC’s Energy, Mining and Environment Research Centre, and key faculty members and students from the UBC Applied Science and Science faculties will work together to develop innovations in hydrogen and carbon technologies across the value chain of clean energy development. This includes materials, systems, technologies and industrial applications.
  26. Pituamkek (Hog Island) National Park Reserve
  27. Pituamkek (Hog Island) National Park Reserve
  28. The Canadian International Trade Tribunal today found that the dumping of concrete reinforcing bar, originating in or exported from the People’s Democratic Republic of Algeria, the Arab Republic of Egypt, the Republic of Indonesia, the Italian Republic, Malaysia, the Republic of Singapore and the Socialist Republic of Vietnam, has caused injury to the domestic industry. Anti-dumping duties will therefore be collected by the Canada Border Services Agency. The complainants in this case were Altasteel Inc., ArcelorMittal Long Products Canada, G.P., and Gerdeau Ameristeel Corporation.
  29. More than $11.5 million in federal funding through Western Economic Diversification Canada will support business scale-up and productivity in Saskatchewan.
  30. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced an investment of over $5.8 million for Elevate to launch a new and innovative job success program, Elevate Talent. She was joined by Mayor John Tory, who announced additional support for Elevate from the City of Toronto. This comprehensive program will reskill 5,300 job seekers from underrepresented communities, including Black, Indigenous, People of Colour, 2SLGBTQ+, and Francophone professionals in the Greater Toronto and Hamilton Area and match them with job openings in technology and innovation-based organizations, start-ups and the creative industries.
  31. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada met with economic development leaders from the Prairies to discuss the new Prairie-focused regional development agency investment from Budget 2021.
  32. The Canadian International Trade Tribunal today continued its order made on September 9, 2015, in Expiry Review No. RR 2014 004, concerning the dumping of certain whole potatoes from the United States of America for use or consumption in the province of British Columbia.
  33. The Honorable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario and His Worship, John Tory, Mayor of the City of Toronto will announce support for the growth of underrepresented talent in the tech and innovation sectors.
  34. The COVID-19 pandemic has affected all Canadian workers, but some groups – including women – have been disproportionately affected and their economic recovery has been slower. The Government of Canada recognizes that a robust and inclusive recovery is necessarily a feminist recovery as well and that supports such as child care are critical to achieving that goal. Investing in new training and employment supports for women, with a focus on removing barriers to accessibility and inclusion, will ensure that no one is left further behind and that everyone takes part in Canada’s economic recovery.
  35. The Women’s Employment Readiness (WER) pilot program was announced in the 2020 Fall Economic Statement and aims to strengthen training supports for those most affected by the pandemic. This pilot program will fund organizations to provide and test pre-employment and training supports for women. It will also include working with employers to reduce barriers to employing women.
  36. Thanks to a total investment of $34.8 million—made as part of Canada–Quebec Operation High Speed that was announced on March 22—4,340 households in the Haut-Saint-François RCM and the Val-Saint-François RCM will have access to Cogeco high-speed Internet services by September 2022.
  37. Today, Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), announced a non-repayable FedDev Ontario investment of $1 million to support the tourism industry’s recovery in Ontario’s Highlands.
  38. Two southwestern Ontario companies, VDB Grains and Mycionics Inc., are receiving a combined FedDev Ontario repayable contribution of nearly $2 million to support their growth.
  39. Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), will make an important virtual announcement for Eastern Ontario’s tourism sector
  40. Over the past two decades, Canada’s labour force has seen greater numbers of people staying in the work force longer. However, widespread ageist views may be responsible for persistent negative beliefs and attitudes about older workers and their role in the workforce.
  41. On May 31, the Black Entrepreneurship Loan Fund started accepting applications from Black business owners and entrepreneurs. It seeks to address the specific systemic barriers Black business owners have too often faced when seeking financing. It also demonstrates the Government of Canada’s commitment to addressing these barriers with long-term solutions by co-developing programs to better support Black entrepreneurs on their road to success.
  42. Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Greg Fergus, Parliamentary Secretary to the Prime Minister, to the President of the Treasury Board and to the Minister of Digital Government and Chair of the Parliamentary Black Caucus, announced that the Black Entrepreneurship Loan Fund is now accepting loan applications.
  43. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry; Marie Glenn, Chair of the Cement Association of Canada (CAC); and Michael McSweeney, President and CEO of the CAC, issued a joint statement by the Government of Canada and the Canadian cement sector to support a roadmap to net-zero carbon concrete. This partnership and the resulting roadmap will position Canada’s cement and concrete industry to become a global leader in low-carbon cement and concrete production and related clean technologies.
  44. The Government of Canada is investing in the sector to help Atlantic Canadian tourism organizations and operators develop new products and fresh approaches to delivering world-class tourism experiences.
  45. Tourism operators continue to demonstrate great resilience and innovation in the face of pandemic realities. The Government of Canada is investing in the sector to help Atlantic Canadian tourism organizations and operators develop new products and fresh approaches to delivering world-class tourism experiences.
  46. The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade; and Greg Fergus, Parliamentary Secretary to the Prime Minister, to the President of the Treasury Board and to the Minister of Digital Government and Chair of the Parliamentary Black Caucus; will make an announcement on the Black Entrepreneurship Program.
  47. Today, Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development and Member of Parliament for Long Range Mountains, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced over $196,000 in federal funding to bring high-speed Internet to rural residents of Newfoundland and Labrador, with Aldera Communications Inc. investing an additional $81,700. This project will connect 339 underserved households in the Northern Peninsula communities of River of Ponds and Hawke’s Bay to high-speed Internet.
  48. Tourism is a key component of NWT’s economic diversification, but with many travel and public health restrictions still in place, NWT’s tourism industry continues to face challenges on the road to recovery. Throughout the pandemic, tourism businesses in NWT have demonstrated their resilience and adaptability, and support from the Government of Canada is helping the tourism industry to continue preparing for when travel restrictions are lifted.
  49. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, Marie Glenn, Chair of the Cement Association of Canada Board of Directors, and Michael McSweeney, President and CEO of the Cement Association of Canada, will be taking part in a virtual event to launch a new partnership between the Government of Canada and the Canadian cement and concrete sector. This new partnership will strengthen Canada’s position as a global leader in the production of low-carbon concrete.
  50. With a $1.2-million investment, Southwest Ontario Tourism Corporation (SWOTC) is providing non-repayable contributions of up to $20,000 to local tourism-oriented businesses. These contributions are supporting costs associated with adapting and eventually reopening, such as space renovations and retrofits, purchase of equipment, fixtures and personal protective equipment, as well as support for technology and digitization. This project, in partnership with Tourism Windsor Essex Pelee Island, Tourism Sarnia Lambton, Middlesex County Economic Development and Tourism London. When complete, is expected to support more than 100 businesses and maintain 320 jobs.