December 2018 Archives

Business and commercial: Province helps out mining industry

The provincial government is investing in the province's northern mining supply and services industry. The business and commercial sectors of Ontario have been given a boost with the recent news that the province will be pumping more than $2 million into businesses in Nipissing from the Northern Ontario Heritage Fund. Money will go to four separate mining supply and service companies and is expected to create 46 full-time and two part-time jobs.

Mergers and acquisitions: Canada challenges stateside competition

Marijuana production companies are teaming up to keep ahead of their competitors. Canada has seen numerous mergers and acquisitions deals since the legalization of cannabis this past Oct. 17. Producers are especially keeping and eye on their U.S. competition, but it's too soon to tell who's winning the race. As of the end of November, however, Canada is in the lead.

Business and commercial: Major vehicle manufacturer to close

Another major vehicle manufacturer will be closing up shop. The business and commercial world was sent reeling recently as General Motors announced that it would be closing its Oshawa, Ontario plant, leaving 2,800 workers unemployed. The plant is the largest employer in the city, which used to employ 23,000 people in the 1980s.

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