Browsing Tag
Ontario
98 posts
Aecon backlog hits record C$14.6bn as nuclear and power contracts lift quarterly revenue 26%
Aecon has reported record construction backlog, stronger quarterly earnings and substantial operating cash generation as Canadian nuclear, electricity and infrastructure contracts expand, while project delivery and corporate costs remain important determinants of future profitability.
Carney announces C$8.7bn Ontario industrial support plan amid Trump tariff dispute
Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford have announced C$8.7 billion in industrial support as trade tensions with the United States intensify.
Polyethics cuts 118 Orillia jobs as tariff pressure collides with $41 million Ohio expansion
Polyethics has temporarily laid off 118 employees in Orillia only days after unveiling a US$41 million Ohio factory, exposing how trade disruption is reshaping its North American manufacturing footprint.
Canada is getting its first pressboard manufacturing line. Why does Hitachi Energy need it now?
Hitachi Energy will build a C$479 million transformer-insulation plant in London, Ontario, creating more than 100 permanent jobs while localising a critical North American grid component.
Cleveland-Cliffs promised to protect Stelco jobs. Why is Canada now threatening enforcement over 500 workers?
Cleveland-Cliffs Inc. is facing escalating pressure from the Canadian government after Stelco began idling finishing operations at Hamilton Works, potentially affecting up to 500 employees. The dispute is unusually consequential because employment protections formed part of the binding commitments attached to Cleveland-Cliffs' 2024 acquisition of Stelco. What might otherwise have been an industrial restructuring has therefore become a test of how aggressively Canada will enforce foreign-investment promises when market conditions deteriorate.
Roshel eyes Stellantis Brampton factory for defence hub after Jeep plan collapses
Stellantis has signed a memorandum of understanding with Canadian armoured-vehicle manufacturer Roshel for a potential sale of its idled Brampton Assembly Plant, opening a possible defence-manufacturing future for a site where roughly 2,200 Unifor members remain on indefinite layoff.
Lightning Resource doubles share base as Prospector asset acquisition closes
Lightning Resource Corp. has completed its acquisition of Prospector Metals’ non-Yukon assets and released C$4 million of previously escrowed financing, adding four Canadian exploration projects while increasing its basic share count from roughly 29.4 million to about 66.8 million.
Lightning Resource (TSXV: LTNG) share base more than doubles as Prospector deal closes
Lightning Resource has completed its acquisition of Prospector Metals' non-Yukon portfolio and released C$4 million of financing proceeds. The transaction adds four Canadian exploration projects but also increases Lightning's ordinary share base from roughly 29.4 million to about 66.8 million shares before warrants, fundamentally changing both its assets and ownership structure.
Gatik’s autonomous trucks have completed 85,000 driverless orders, so why is the next stage much harder?
Gatik has secured $200 million after completing 85,000 fully driverless orders and building more than $600 million in contracted revenue. With PepsiCo, Loblaw and other major customers moving beyond pilots, the next test is whether dozens of autonomous trucks can become thousands without weakening safety, service levels or fleet economics.
Omni-Lite backlog nearly doubles as niche aerospace manufacturer delivers record Q2 earnings
Omni-Lite shares surged 22% as Q2 revenue rose 39%, EBITDA margins hit 19% and backlog reached a record $10.7M. See what drove growth.