Canada Economy News

Canada Economy News

22 Jan 2013
Canadian National Railway today reported its income in the fourth quarter of 2012 was $610 million (about US$613.8 million), increasing 3 percent from $595.7 million in the fourth quarter of 2011.
02 Jan 2013
Halifax Port Authority in Nova Scotia will increase fees, effective March 1.
19 Dec 2012
The Saint Lawrence Seaway handled 5.1 million metric tons (about 5.6 million tons) of cargo shipments in November, increasing 11 percent year-over-year.
30 Nov 2012
Japan and Canada wrapped up their first round of negotiations on a bilateral free trade agreement aimed at eliminating im
EU-Canada flags
26 Nov 2012
The European Union said it plans to finalize a free trade agreement with Canada in the “coming weeks” that could boost annual two-way trade by more than $33 billion.
13 Nov 2012
Canada-based marine and environmental services provider Logistec Corporation recently reported income in the third quarter, ending Sept. 29, was $8.7 million, dropping 40 percent from $14.4 million in last year’s third quarter, ending Sept. 24.
09 Nov 2012
Canada’s unionized labor force is undergoing demographic changes and a generational shift in priorities that are changing long-established ways that transportation and waterfront employers address contract negotiations and work rules.
US-Canada economic ties
07 Nov 2012
The world economy is generating headwinds for Canada; nevertheless, the outlook is brightening, a Royal Bank of Canada economist says.
23 Oct 2012
North American railroad Canada National Railway reported its third quarter profit was C$664 million (about US$668.8 million)...
Oceanex Connaigra
18 Oct 2012
Construction on the Oceanex Connaigra, soon to be the largest Canadian container roll-on, roll-off ship, began recently in Flensburg, Germany.
28 Sep 2012
Canadian National Railway is testing two locomotives fueled primarily by natural gas in northern Alberta, a major step in the railroad industry's determination of whether the alternative fuel is feasible.
02 Jul 2012
The U.S. may be stuck in a period of slow growth, but its economy is not in imminent danger of sliding back into recession, an Emory University economist says.
16 Apr 2012
The outlook for growth in profits improved for North American public refrigerated warehouse companies in the second half of 2011 compared to the same period in 2010, according to the latest Financial
06 Feb 2012
The Michigan Court of Appeals on Monday said a local judge was in his rights to jail the owner of the Ambassador Bridge, Manuel “Matty” Moroun, and his lieutenant for contempt, but the duo
03 Feb 2012
A Michigan Court of Appeals panel is expected to decide sometime next week whether Ambassador Bridge owner Manuel “Matty” Moroun should be returned to jail on a contempt citation for faili
18 Jan 2012
The 2.5 percent year-over-year decline in truck traffic on the Ambassador Bridge in 2011 gives the bridge’s owner ammunition in his fight to stop the construction of a publicly owned crossing.
13 Jan 2012
Shippers looking for improvement in Canada’s beleaguered trade and economy might need to wait another year, or even two, as the country struggles to find positive direction amid weak demand from
05 Jan 2012
The value of trade using surface transportation between the U.S. and Canada and Mexico rose 12 percent to $79 billion in October, the Transportation Department reported.
29 Nov 2011
The value of trade using surface transportation between the U.S. and Canada and Mexico rose 13.8 percent in September from a year earlier, the Transportation Department reported.
20 Oct 2011
The plan for a new bridge between Detroit and Windsor, Ont., was dealt a severe blow Thursday after the Michigan Senate rejected a bill critical to funding the proposed $5.3 billion project.
14 Oct 2011
Clothing retail giant Gap will close more than 100 of its Gap stores in North America as it expands overseas and increases online sales, the company said Thursday.
05 Oct 2011
Two of the world’s largest candy makers say they will work together to sweeten their supply chains and reduce their carbon footprint in North America.
29 Aug 2011
Purolator International, moving to double its footprint in the United States, said it plans to open three more branch offices in the U.S. this year after opening seven facilities since January.
29 Aug 2011
Big Lots is comfortable with its inventory levels being down more than 70 percent year-over-year, considering the “fragile” consumer market.
03 Aug 2011
Canadian National Railway will spend $165 million to expand a freight yard in Gary, Ind., that it uses to build general freight trains, and to relocate a locomotive repair shop to there from Chicago.
01 Aug 2011
U.S. West Coast ports registered a modest increase of 5 percent in total loaded containers during the first six months of 2011 compared to the same period last year.
25 Jul 2011
Canadian logistics provider and package carrier Purolator International opened a facility in Minneapolis as it rolls out an “aggressive” expansion in the U.S.
12 Jul 2011
As freight traffic began to recover from a spring slowdown, owners of parked railcars across North America pulled 2,847 units out of storage in June, nearly reversing the number of units they idled du
07 Jul 2011
Eimskip is expanding its Iceland-North America container service with the addition of a second vessel to keep pace with an upturn in industrial and fish cargoes in Newfoundland.
22 Jun 2011
Holt Logistics plans to build the largest rooftop solar installation in North America at its Gloucester Marine Terminal in New Jersey in partnership with SunPower.
20 Jun 2011
The value of all the goods shipped between the U.S.
16 Jun 2011
U.S. steel exports declined 9.3 percent in April from March and 8.8 percent year-to-year, the Commerce Department said.
18 May 2011
The global economic climate is in better shape than at any time since 2007 but could be hurt by public budget deficits, inflation and unemployment in the months ahead, according to a survey of more th
03 May 2011
Surface transportation trade between the U.S. and Canada and Mexico was 11.8 percent higher in value in February than a year earlier, the Transportation Department reported.
29 Mar 2011
The value of trade moved by surface transportation between the U.S.