Canada’s recently-released Fall Economic Update offers many provisions that directly support business competitiveness and make it easier to invest. Most beneficial to manufacturers is the announcement that the full cost of machinery and equipment can be written off immediately. Businesses outside of the manufacturing industry will also benefit from a
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North Inc. of Kitchener, Ontario, is making innovative wearable technology a reality with their new line of smart glasses called Focals. The company has combined design, artificial intelligence, and data machine learning to create custom glasses with smart capabilities. The glasses connect to an individual’s phone via Bluetooth and provides
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exactEarth is a Satellite Automatic Identification Systems (S-AIS) technology developer that collects and transmits global maritime vessel data. Since 2009, the Cambridge, Ontario-based company has been a top innovator of AIS vessel tracking systems and now captures significantly more data than any other space-based AIS system. With global customers ranging
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The government of Canada has recently awarded Hamilton steel and aluminum producer ArcelorMittal Dofasco with Canadian government funding. Financial support from the government will help the company retain over 6,000 jobs, modernize its facilities to enhance productivity and reduce environmental impact, and sustain its competitiveness and long-term prosperity with global
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The United States-Mexico-Canada Agreement (USMCA) offers many opportunities as well as some challenges for Canadian businesses. If ratified, the new agreement-in-principle will take effect on January 1, 2020 and significantly impact supply chain management, predominantly in the dairy, poultry, and automotive sectors. While there are many businesses across Canada that
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Canada’s steel and aluminum sectors are top economic drivers. In 2017 alone, they employed close to 25,000 workers and contributed nearly $9 billion to the country’s GDP. Keeping these sectors globally competitive is vital to Canada’s overall economic well-being, which is why new measures have been put in place recently
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The Strategic Innovation Fund (SIF) is a Canadian government funding program that supports industrial research and development projects. Through the program, Canadian innovators can accelerate technology transfer and commercialization of innovative products, processes, and services. There are multiple streams of the program, including several directed exclusively towards businesses; however, one
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The Government of Canada recently awarded Toyota funding for research and development initiatives. The company’s projects, based out of its Cambridge and Woodstock plants, will have a long-lasting impact on the domestic automotive sector and will enhance future growth and prosperity. This investment in Toyota will make sure the Canadian
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The Canadian Federal Budget 2018 was released last week to much interest from business leaders and industry analysts. This year, innovation was again a top priority of the federal government, highlighted by the increase in funding support for several research and development funds. Unlike the previous two Liberal budgets, however,
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The Government of Canada has recently announced funding support for 11 automotive research and development projects which will have a lasting impact on the sector. Each of the awarded businesses will leverage research grants through the Strategic Innovation Fund (SIF), a newly launched program which seeks to offset a portion
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