Business News

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

  1. The Canadian International Trade Tribunal has completed the interim review of its finding made on October 20, 2016, in Inquiry No. NQ-2016-001, in respect of welded large diameter carbon and alloy steel line pipe with an outside diameter greater than 24 inches (609.6 mm), and less than or equal to 60 inches (1,524 mm), regardless of wall thickness, length, surface finish (coated or uncoated), end finish (plain end or beveled end), or stencilling and certification (including multiple-stenciled/multiple-certified line pipe for oil and gas transmission and other applications), originating in or exported from the People’s Republic of China and Japan.
  2. The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by Transformateurs Delta Star Inc. of Saint-Jean-sur-Richelieu, Quebec, Northern Transformer Corporation of Maple, Ontario, PTI Transformers Inc. of Regina, Saskatchewan and PTI Transformers L.P. of Winnipeg, Manitoba, that they have suffered injury as a result of the dumping of certain small power transformers, originating in or exported from the Republic of Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and the Republic of Korea. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA).
  3. Thanks to a joint investment of $86.77 million made as part of Canada–Quebec Operation High Speed, more than 10,640 households in the Outaouais region will have access to Bell high-speed Internet services by September 2022. The announcement was made today by Will Amos, Parliamentary Secretary to the Minister of Innovation, Science and Industry (Science) and Member of Parliament for Pontiac; Stéphane Lauzon, Parliamentary Secretary to the Minister of Seniors and Member of Parliament for Argenteuil–La Petite-Nation; Mathieu Lacombe, Quebec Minister of Families and Minister Responsible for the Outaouais Region and Member of the National Assembly for Papineau; Gilles Bélanger, Parliamentary Assistant to the Premier (high-speed Internet) and Member of the National Assembly for Orford; and Robert Bussière, Member of the National Assembly for Gatineau.
  4. DeNova develops low-cost aquafeed protein ingredient to meet growing demand
  5. 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 $481,000 in federal funding to bring high-speed Internet to rural residents of Newfoundland and Labrador, with an additional investment of nearly $183,000 from Aldera Communications. This project will help connect 1,230 underserved households in the communities of Glenburnie, Birchy Head, Shoal Brook, Woody Point, St. Paul’s, Cow Head, Three Mile Rock, Parsons Pond, Portland Creek, Daniel’s Harbour and Bellburns.
  6. As the Canadian economy recovers from the impact of COVID-19, workers are facing new challenges. Residents of Prince Edward Island and all Canadians need access to training and employment supports to develop new skills and find good jobs.
  7. The Workforce Integration Fund is one of the targeted measures implemented by the Government of Prince Edward Island as a result of investments through the Workforce Development Agreements. To date, 14 innovative projects have been supported by the Fund. These include:
  8. The CBSA launches an investigation into small power transformers from Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and South Korea
  9. The workforce of Canada’s fish and seafood processing sector is an economic driver in coastal and rural communities, and is vital to the national food supply chain. The sector faced immense challenges due to COVID-19, and the Government of Canada worked quickly to ensure it had the support it needed during this unprecedented time.
  10. Today, Lloyd Longfield, Member of Parliament for Guelph, announced a non-repayable FedDev Ontario investment of nearly $5 million for the City of Guelph to develop Canada’s first circular economy test platform and accelerator, the Circular Opportunity Innovation Launchpad (COIL). The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
  11. Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in Newfoundland and Labrador. A media availability will follow.
  12. Today, the Honourable François-Philippe Champagne, Minister for Innovation, Science and Industry, announced five projects to be funded under the federal Accessible Technology Program. These projects will support the development of assistive and adaptive digital devices and technologies.
  13. Lloyd Longfield, MP for Guelph, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important announcement for Guelph.
  14. Today, Ken McDonald, Member of Parliament for Avalon, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced $233,000 in federal funding for Bell Canada to bring high-speed Internet to more rural residents of the Avalon Peninsula. Bell Canada will contribute $142,500 toward this project that will connect 335 underserved households in Tors Cove and Mobile to high-speed Internet.
  15. The Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in rural Ontario. A media availability will follow.
  16. Thanks to a $45-million joint investment made as part of Canada–Quebec Operation High Speed, over 8,000 households in the Chaudière-Appalaches region will have access to Sogetel and TELUS high-speed Internet services by September 2022. The announcement was made today by Joël Lightbound, Parliamentary Secretary to the Minister of Public Safety and Emergency Preparedness and Member of Parliament for Louis-Hébert; Marie-Eve Proulx, Minister for Regional Economic Development, Minister Responsible for the Chaudière-Appalaches Region, Minister Responsible for the Bas-Saint-Laurent Region and Member of the National Assembly for Côte-du-Sud; Stéphanie Lachance, Parliamentary Assistant to the Minister of Families and Member of the National Assembly for Bellechasse; Isabelle Lecours, Parliamentary Assistant to the Minister of Public Security and Member of the National Assembly for Lotbinière-Frontenac; François Jacques, Parliamentary Assistant to the Minister of Municipal Affairs and Housing (municipal affairs) and Member of the National Assembly for Mégantic; Luc Provençal, Member of the National Assembly for Beauce-Nord; Richard Biron, Vice-President, Corporate Development, Sogetel; and Marie-Christine D’Amours, Vice-President, Consumer Solutions and Customer Experience in Quebec, TELUS.
  17. The COVID-19 pandemic continues to impact the everyday lives of Canadians, particularly young people who are facing unprecedented challenges, with fewer jobs, disruptions in their studies and overall uncertainty of the future.
  18. Today, Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), announced Sarnia–Lambton’s official designation as a Foreign Trade Zone (FTZ) Point—a single point of access to resources and information relating to programs that relieve duties, tariffs and taxes for businesses engaged in importing and exporting.
  19. Today, the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo, announced a FedDev Ontario repayable contribution of over $1.9 million for Swenco Ltd., one of North America’s leading manufacturers and distributors of components for the safety footwear industry, to expand operations for the full-time production of COVID-19-related PPE.
  20. The Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, will make an important announcement for Waterloo.
  21. 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 Sarnia.
  22. The Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth; on behalf of the Honourable Patty Hajdu, Minister of Health, announced the launch of the StaySafe™ COVID-19 Rapid Screening Program in Ontario’s Waterloo Region, through a $430,000 investment from the Safe Restart Agreement.
  23. On behalf of the Honourable Patty Hajdu, Minister of Health, the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth, will announce federal support for a COVID-19 rapid screening program.
  24. Thanks to a $19.8-million joint investment made as part of Canada–Quebec Operation High Speed, more than 1600 households in the Mauricie region will have access to Cogeco high-speed Internet services by September 2022. The announcement was made today by the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry and Member of Parliament for Saint-Mauricie–Champlain; Jean Boulet, Quebec’s Minister of Labour, Employment and Social Solidarity, Minister Responsible for the Mauricie Region, and Member of the National Assembly for Trois-Rivières, Sonia LeBel, Minister Responsible for Government Administration, Chair of the Conseil du trésor, Member of the National Assembly for Champlain, Simon Allaire, Member of the National Assembly for Maskinongé, Marie-Louise Tardif, Member of the National Assembly for Laviolette–Saint-Maurice and Philippe Jetté, President and Chief Executive Officer of Cogeco. The investments announced will accelerate the deployment of reliable, high-performing infrastructure in the following municipalities:
  25. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $14 million in Redline Communications to produce next-generation telecommunications products that will help industries such as the mining, utilities, and oil and gas sectors make their operations safer and more productive.
  26. 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 $379,000 in federal funding to bring high-speed Internet to rural residents of Newfoundland and Labrador, with an additional investment of over $1 million from Bell Canada. This project will help connect 1,184 underserved households to high-speed Internet in the communities of Goose Cove, Great Brehat, St. Anthony, St. Anthony Bight and St. Carols.
  27. Today the Competition Bureau issued a market study notice in relation to its ongoing study of the health care sector. The notice presents the three broad topics of study: data and information, products and services and health care providers.
  28. The Verschuren Centre and four companies receive federal support to further develop and commercialize products, support the growing network of biotechnology firms
  29. Government of Canada supports growing biotechnology cluster in Cape Breton
  30. Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in Newfoundland and Labrador. A media availability will follow.
  31. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Patty Hajdu, Minister of Health, launched five multidisciplinary infectious disease modelling networks that will receive $10 million in funding to strengthen ties between the academic community, industry and the public sector. The results will significantly improve the coordination of infectious disease modelling to help Canada better respond to future public health threats.
  32. Today, Jennifer O’Connell, Parliamentary Secretary to the Minister of Health and Member of Parliament for Pickering–Uxbridge, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced over $200,000 in federal funding for two projects to bring high-speed Internet to 130 underserved households in the Pickering communities of Greenwood and Whitevale, Ontario. Bell Canada is investing an additional $273,000.
  33. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Anita Anand, Minister of Public Services and Procurement, welcomed the shipment of the first Canadian-made 3M N95 respirators manufactured in the newly expanded Brockville, Ontario, facility. This expansion was made possible through an investment of $23.335 million from the Government of Canada’s Strategic Innovation Fund. The new facility employs 30 full-time workers. As part of this investment, 3M has also committed to maintaining a minimum of 1,130 full-time jobs across Canada.
  34. The agriculture and agri-foods sectors support quality jobs for Canadians and are of vital importance to the Canadian economy. That is why today, the Honourable Jim Carr, Special Representative for the Prairies, announced more than $2.94 million to help Alberta-based BioNeutra to double its manufacturing capacity and better compete in global markets.
  35. Today, Irek Kusmierczyk, Member of Parliament for Windsor–Tecumseh, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario investment of nearly $1.5 million through Regional Relief and Recovery Fund (RRRF) to support four companies in the Chatham–Kent region, the world’s largest freshwater commercial fishing port and one of Ontario’s key fish- and seafood-processing regions.
  36. Mike Kelloway, Member of Parliament for Cape Breton-Canso, and Jaime Battiste, Member of Parliament for Sydney-Victoria, will announce funding to five organizations for innovative research and development projects to grow the region’s biotechnology sector.
  37. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement regarding the publication of the 2020 Corporations Canada C-25 diversity disclosure data report:
  38. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Anita Anand, Minister of Public Service and Procurement; the Honourable Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade; the Honourable Steve Clark, Member of Provincial Parliament for Leeds–Grenville–Thousand Islands and Rideau Lakes and Ontario Minister of Municipal Affairs and Housing; and Penny Wise, President of 3M Canada, will participate in an event to mark an important milestone in domestic manufacturing of personal protective equipment.
  39. Today, Sean Fraser, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Middle Class Prosperity and Associate Minister of Finance, and Member of Parliament for Central Nova, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced $4.46 million in funding for the Municipality of Pictou County to bring high-speed Internet to rural residents of the community. With a contribution from the municipality of Pictou County of $3.32 million, this project will connect many underserved households to high-speed Internet in Pictou County and may create the opportunity for improved cellular coverage in the area.
  40. Irek Kusmierczyk, MP for Windsor–Tecumseh, 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 support of local fish and seafood processing sector.
  41. The Competition Bureau has announced two important updates related to its filing fees for merger reviews which take effect immediately in accordance with the Service Fees Act.
  42. Today, Adam van Koeverden, Parliamentary Secretary to the Minister of Diversity and Inclusion and Youth and to the Minister of Canadian Heritage (Sport) and Member of Parliament for Milton, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced $441,200 in funding for Bell Canada to bring high-speed Internet to rural Ontario residents. Bell will contribute $1,286,200 toward this project that will connect 756 underserved households to high-speed Internet in the following communities and surrounding rural areas: Ashgrove, Campbellville, Carlisle, Cedar Springs, Freelton, Hornby, Morriston, Waterdown and other areas just outside Milton.
  43. On March 31, 2021, the Canadian Intellectual Property Office is launching electronic patent issuance.
  44. COVID-19 protective equipment, increased storage capacity and equipment upgrades help rural businesses remain viable and safe
  45. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario repayable contribution of $2.9 million to support the growth of two Burlington-based companies: AceAge Inc. and Gerrie Electric Wholesale Limited (Gerrie Electric).
  46. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario investment of $14.6 million to support the long-term growth of six Toronto-based tech firms.
  47. Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Patty Hajdu, Minister of Health, announced an investment of up to $415 million to support Sanofi Pasteur Limited (Sanofi) in building an end-to-end influenza vaccine manufacturing facility in Toronto, Ontario. This new facility will ensure drug product formulation, fill-and-finish and inspection. As part of this project, Sanofi will invest more than $455 million as well as create and maintain 1,225 highly skilled jobs in Canada. The Government of Ontario will also invest $55 million, making this a $925-million project. In addition, the company will also invest at least $79 million a year to fund Canadian research and development
  48. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, together with the Honourable Patty Hajdu, Minister of Health; the Honourable Doug Ford, Premier of Ontario; the Honourable Victor Fedeli, Ontario Minister of Minister of Economic Development, Job Creation and Trade; and His Worship, John Tory, Mayor of Toronto, will announce a significant investment to support Canada’s future pandemic preparedness.
  49. The Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will announce a federal investment to improve high-speed Internet access in southeastern Ontario. A media availability will follow the announcement.
  50. The COVID-19 pandemic has highlighted how much we rely on our connections. Now more than ever, Canadians across the country need access to reliable high-speed Internet as many of us are working, learning, and staying in touch with friends and family from home. Right now, too many Canadians living in rural and remote communities lack access to high-speed Internet. Through the Universal Broadband Fund (UBF) Rapid Response Stream, the Government of Canada is taking immediate action to get Canadians connected to the high-speed Internet they need.